German sports car manufacturer Porsche AG Thursday said revenue
and operating profit both increased in the first nine months of the
year and confirmed its full-year guidance.
MAIN FACTS:
-Operating profit in the first 9 months of 2013 was up on the
year about 1% at EUR1.89 billion.
-Sales increased slightly, by around 3%, to EUR10.42
billion.
-Deliveries were up 15% at 119,747 units, with all models
contributing to the deliveries increase except the Panamera, for
which deliveries fell 31% during the 9-month period to 15,374
units.
-Porsche still expects profit in 2013 to match the previous
year's level, despite higher costs for the expansion of its Leipzig
plant and development center in Weissach.
-Porsche AG is the maker of Porsche cars. It is 100% owned by
Volkswagen AG (VOW.XE). Porsche Automobil Holding SE (PAH3.XE) is a
holding company, which holds a minority stake in Volkswagen AG, but
is not involved in car manufacture.
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500
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