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Porsche posts ‘strongest result’ in company history a year after IPO

Porsche has reported bumper gross sales and earnings within the first 12 months since its preliminary public providing.

The German sports-car maker, which listed final 12 months in one among Europe’s largest preliminary public choices, stated working revenue in 2022 jumped 27 per cent to €6.7bn on the again of €37.6bn in revenues.

Chief govt Oliver Blume stated it was “the strongest consequence within the historical past of Porsche”.

The corporate stated it forecast earnings margins within the vary of 17 per cent to 19 per cent and revenues of €40bn to €42bn for 2023 “ought to the economically difficult situations not additional intensify considerably”.

The corporate final 12 months overtook its mum or dad firm Volkswagen because the area’s most beneficial carmaker simply days after going public.