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Porsche posts ‘extraordinary’ financial results for 2015

85th Geneva International Motor Show : Press Preview

GENEVA, SWITZERLAND - MARCH 02: A Porsche logo is displayed at the Geneva International Motor Show on March 2, 2015 in Geneva, Switzerland. The 85th International Motor Show held from the 5th to 15th March 2015 will showcase novelties of the car industry. (Photo by Harold Cunningham/Getty Images)

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Porsche has reported a fifth consecutive record financial year for 2015 as it enjoyed a 25% increase in both revenue and profit.

2015 may have been a highly successful year for Porsche on-track as it won the FIA World Endurance Championship, the 24 Hours of Le Mans and Petit Le Mans, but it has also proven to be a strong one off it in spite of the emissions scandal impacting on parent company Volkswagen.

According to a release issued by Porsche on Friday, sales revenue increased 25% to €21.5 billion ($23.8 billion) in 2015, while operating profit rose by the same percentage to €3.4 billion ($3.77 billion).

The released added: “At the presentation of the financial report in Stuttgart-Zuffenhausen, Oliver Blume, Chairman of the Executive Board of Porsche AG, spoke of ‘extraordinary results even by Porsche standards.’”

Blume added: “We have achieved our strategic goals of the last years. Within the scope of Strategy 2025, we are now realigning the company for the future. We focus on customer enthusiasm, financial return and safe jobs. In doing so, we consequently follow our way of value-creating growth.”

If Porsche can repeat its on-track escapades in 2016 from last year as well as its financial ones, it will only strengthen its position as one of the world’s most prominent car brands.

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