Porsche AG reports revenue of €37.6 billion in 2022

Porsche AG announced on Monday that it recorded a revenue of €37.6 billion in the fiscal year 2022, representing a 14% increase compared to the previous year, but falling slightly short of expectations. The carmaker experienced a surge in operating profit, rising by 27% year on year to €6.8 billion, with a 3% increase in car deliveries to 309,884 units. The operating return on sales also climbed from 16% in 2021 to 18% in 2022. Additionally, the company proposed a dividend of €1 per ordinary share and €1.01 per preferred share as declared by the board. CEO Oliver Blume stated that the company achieved its strongest result in history under challenging circumstances.