Hyperdrive
Porsche Sees Stable Returns, Confirms Plan for Top-Line SUV
- New all-electric SUV to tap growing luxury profit pools
- Forecast hinges on already tough conditions not deteriorating
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Porsche AG expects returns at roughly last year’s record level on the back of attractive models and high prices, provided an already challenging economic backdrop doesn’t get much worse.
The luxury-car maker’s operating margin is set to reach between 17% and 19% this year, compared with 18% last year, Porsche said Monday. The key profit contributor to parent Volkswagen AG expects revenue to rise to as much as €42 billion ($45.1 billion).