Porsche AG Q1 Deliveries Rise 18% Boosted By Chinese Recovery

by Shivani Kumaresan, Benzinga Staff Writer

April 17, 2023 8:17 AM | 1 min read |

Dr. Ing. h.c. F. Porsche AG DRPRF reported an 18% year-on-year increase in its first-quarter FY23 sales to 80,767 vehicles.
The sales were boosted by a 21% jump in deliveries made in China, helped by the economic recovery from the pandemic-induced impact.
Deliveries in Germany climbed 19%, Europe grew 14%, North America increased 30% and overseas and emerging markets gained 5%.
SUV models remained popular among Porsche customers, with Porsche Macan registering a 30% jump in sales to 23,880 vehicles.
“It’s particularly pleasing that we were able to post gains in every sales region – in spite of the still volatile economic situation and limited parts availability,” said Detlev von Platen, Executive Board Member for Sales and Marketing at Porsche AG.
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