Friday, August 1, 2008
Porsche makes 17 billion profit from 13 bilion revenue in 2007
Most large volume auto manufacturers have a revenue/profit ratio of around 8% - 13%, which is considered very healthy.
Porsche closed the 2007 financial year with this result: 17 billion profit. If that doesn't sound like much, wait till you read this:
Porsche made 17 billion profit from 13.3 bilion revenue. 128% revenue/profit ratio.
That is no typo error, we've all heard stories of Porsche's thick black inks in their ledgers, and the foot wide smile on Wendelin Wiedeking's face. After successfully launching the Cayenne, a supercar SUV, Porsche looks set to release the Panamera by 2010, a superlimo coupe, to cash in on their forever surging liquidity.
Such record profits were made possible by the huge stakes they're holding in Volkswagen, with Volkswagen's performance going ever better, ranking in as the 3rd largest manufacturer currently.
Porsche makes 17 billion profit from 13 bilion revenue in 2007
2008-08-01T03:34:00+08:00
Bobby
Industry|Porsche|
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