Porsche Records Strong Second Quarter with Robust First Half of 2024

Porsche AG achieved stronger results in Q2 2024 compared to the previous quarter, reporting a 17% return on sales. The first half of the year saw a 3.1 billion euros group operating profit and a 15.7% operating return on sales. Despite challenging circumstances, including a supply shortage of special aluminium alloys, the company maintained a solid financial position.

The year 2024 marked significant product launches, updating four of six model lines. The new all-electric Macan is set to launch in September. The revitalized Panamera, Taycan, and 911 models have already launched successfully.

Market performance varied; Europe and Germany saw increased sales, while China experienced a decline. Deliveries to customers fell by 6.8% to 155,945 cars. Porsche adjusted its 2024 financial forecast, anticipating reduced figures due to the supply chain disruption.