Porsches first-half revenue down 3.3 percent to 2.9 billion euros

Deliveries of Porsche AG’s new coupe-styled four-door Panamera failed to offset the waning demand for the Cayenne and 911 models, possibly resulting to the quick decline of its first-half revenue.

However, volume drops of 40% in the fiscal first quarter that ended October 31 were cut to only 3% by the end of the first six months. In remarks prepared for delivery to shareholders on Friday, Porsche Automobil Holding SE CEO Martin Winterkorn pointed out an upwards trend. And for this reason, Porsche is forecasting its unit sales for the fiscal year 2009/10 to be slightly higher than those for the prior year.
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Joe_Limon - 1/30/2010 6:35:58 PM

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Only 2.9 billion euros revenue? Wow, makes that 4.4 billion euro deficit look somewhat more substantial.

Joe_Limon - 1/30/2010 6:37:03 PM

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Being that they are bringing in 2.9 and spending 7.3 billion...

mini22 - 1/30/2010 6:53:14 PM

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Does't matter as much now as VW owns them and will be pulling all the strings.Look for the baby Porsche to be out sooner then later.