The Porsche Mission X on display at the IAA Mobility 2023 show in Munich, Germany.
Porsche on Tuesday warned that profitability will decline this year as it launches new models amid tough economic conditions, but hiked its dividend on the back of a rise in 2023 operating profit.
Porsche's sales revenue rose 7.7% in 2023 to 40.53 billion euros ($44.29 billion), the company announced, while operating profit jumped 7.6% to 7.28 billion euros.
"Porsche proved in 2023 that we are resilient, highly profitable and financially robust even in volatile times.
Sales are expected to come in between 40 billion and 42 billion euros in full-year 2024.
Persons:
Oliver Blume, Lutz Meschke
Organizations:
Porsche, Volkswagen
Locations:
Munich, Germany