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Porsche expects to increase 2010 sales

Porsche expects to increase 2010 sales

German sports car maker Porsche AG said Friday the company expects to report a decline in revenue for the first half but to improve unit sales for the whole of the fiscal year, as the auto market continues to feel the effects of the economic downturn.
Porsche, based in Stuttgart, said at its annual general meeting Friday that it expects a 3.3 percent decline in revenue to (EURO)2.9 billion during the August-January period, after nearly (EURO)3 billion in the year-ago period.
However, "On the basis of the strong performance in the second quarter, Porsche continues to assume that unit sales for the full fiscal year 2009 - 2010 will exceed the prior-year figure of 75,238 vehicles," Porsche said.


Updated : 2021-04-15 08:26 GMT+08:00