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As it approaches its initial public offering, luxury automaker Porsche has revised its fiscal 2022 and long-term ambitions and targets upward.
Amid burgeoning global demand for exclusive and electrified luxury vehicles, Porsche has revised its profitability targets upward. Valued at between 80 and 90 billion euros, the German company’s IPO during the fourth quarter therefore bodes well. However, this desire must still be confirmed by Porsche’s parent company, Volkswagen, during the summer.
Regarding its objectives for the year 2022, Porsche is aiming for a turnover between 38 and 39 billion euros, which is a growth of 11 to 14% compared to 2021, when the group sold 302,000 Macan and Cayenne worldwide, which became its record.
In addition, Porsche, which was aiming for an operating margin “above 15%” in 2022, has raised its target and hopes to achieve a value in the range of 17 and 18%. Subsequently, the brand said in its statement released yesterday Monday to have “long-term ambition to achieve a profitability (operational, in terms of EBIT) on sales of more than 20%,” said its boss, Oliver Blume.
On the CSR side, Porsche also revealed several of its ambitions. Blume first revealed that the automaker plans to eventually launch a new all-electric SUV model; before sharing its long-term goals for electrified vehicles.
“We plan to add a new fully electric luxury SUV model to our attractive portfolio, which will come off the production line in Leipzig. This will further strengthen our position in the luxury car segment,” he emphasizes.
To meet the global demand for electrified luxury vehicles, 80% of the brand’s vehicles will be fully electric by 2030. In addition, by 2030, Porsche also wants to work towards a carbon-neutral value chain.
Read also > FOR ITS FIRST APPEARANCE AT MILAN DESIGN WEEK 2022, PORSCHE PRESENTS “THE ART OF DREAMS” SERIES
Featured photo : © Porsche[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]
As it approaches its initial public offering, luxury automaker Porsche has revised its fiscal 2022 and long-term ambitions and targets upward.
Amid burgeoning global demand for exclusive and electrified luxury vehicles, Porsche has revised its profitability targets upward. Valued at between 80 and 90 billion euros, the German company’s IPO during the fourth quarter therefore bodes well. However, this desire must still be confirmed by Porsche’s parent company, Volkswagen, during the summer.
Regarding its objectives for the year 2022, Porsche is aiming for a turnover between 38 and 39 billion euros, which is a growth of 11 to 14% compared to 2021, when the group sold 302,000 Macan and Cayenne worldwide, which became its record.
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As it approaches its initial public offering, luxury automaker Porsche has revised its fiscal 2022 and long-term ambitions and targets upward.
Amid burgeoning global demand for exclusive and electrified luxury vehicles, Porsche has revised its profitability targets upward. Valued at between 80 and 90 billion euros, the German company’s IPO during the fourth quarter therefore bodes well. However, this desire must still be confirmed by Porsche’s parent company, Volkswagen, during the summer.
Regarding its objectives for the year 2022, Porsche is aiming for a turnover between 38 and 39 billion euros, which is a growth of 11 to 14% compared to 2021, when the group sold 302,000 Macan and Cayenne worldwide, which became its record.
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