Porsche celebrates successful year 2022
Porsche enters the new year on an optimistic note thanks to IPO and jump in profits - dividend for shareholders

Porsche successfully closed 2022 with a jump in profits thanks to higher prices. The sports car manufacturer reported a 13.6 percent increase in sales to 37.6 billion euros, and operating profit rose by 27.4 percent to 6.8 billion euros last year. The return on sales rose to 18 percent from 16 percent the previous year. Porsche CEO Oliver Blume said the company had achieved the strongest result in Porsche's history under difficult conditions. Chief Financial Officer Lutz Meschke said that improved price positioning, a strong product mix, increased group sales, exchange rate effects and high cost discipline were the factors behind the success.
He added that the successful IPO will allow Porsche to release forces and focus even more on the key areas of software and battery technology. Porsche will embark on the Road to 20 and raise returns to more than 20 percent in the long term. Meschke announced that Porsche will once again put everything under the microscope, from its product offering to its pricing and cost structure. Porsche will also expand its model range and launch an all-electric SUV.
Shareholders should also benefit from the good business: For 2022, the Executive Board is proposing a distribution of 911 million euros, which corresponds to a dividend of 1.00 euros per common share and 1.01 euros per preferred share. The IPO and the sale of shares to the family holding company Porsche SE raised almost 20 billion euros for Volkswagen, part of which the Group is putting into financing its electric strategy. About half of the proceeds went as a special dividend to shareholders, the largest of which were the holding company of the Porsche and Piech families, the state of Lower Saxony and the Emirate of Qatar.
Porsche announced it would focus on key areas of software and battery technology and expand its model lineup to boost returns to more than 20 percent in the long term. Porsche will continue to expand its position as one of the leading sports car manufacturers, focusing on a balanced mix of tradition and innovation. Translated with www.DeepL.com/Translator (free version)
