Porsche seems to be on a roll as of late. After a rousing 2016, the German luxury sports car maker reported that the first quarter of this year was equally spectacular, if not record-breaking. Vehicle sales are up and pretty much every aspect of the company is looking good.
Profits, for instance, grew from 16.7% last year to 17.6% for the first three months of 2017. This could be seen as operating results increased by 8% to Euro 967 million, while revenue was pegged at Euro 5.5 million for a 2% rise. Vehicle deliveries, meanwhile, totaled 59,689, which was accomplished by a global workforce that grew to 28,249 (or a 13% jump).
The success can be attributed to offerings like the Macan, the Cayenne, and the new Panamera. Apart from this, people are still very much interested in the iconic 911, as well as the 718. And markets like China, the US, and Europe are the key areas where Porsche is a dominant force.
Still, Porsche is not about to rest on its laurels. On the contrary, it is focusing on digitalization, fiding new technologies and innovations that are relevant for the future. In this way, it hopes to keep up with the ever-changing times. This includes hybrid vehicles, electrification, and connected mobility. With this, Porsche aims to continue its success in the years to come.
