Porsche posts improved Q1 sales, profits
Porsche is off to a hot start in 2015.
Porsche looks to be poised for another banner year after posting improved sales and revenue during the first quarter of 2015.
Porsche announced on Wednesday that it delivered 51,102 new vehicles worldwide during the first three months of the year, marking a 32 percent improvement over the same period a year prior. Thanks to that increase in sales, the sports car maker's revenue jumped 29 percent to 5.08 billion euros ($5.647 billion). Operating profit surged 10 percent to 765 million euros ($805 million).
Porsche attributed its first quarter success to the popularity of its latest Macan small utility vehicle. Porsche also expects its latest GT models — the 911 GT3 RS and Cayman GT4 — as well as the upcoming Boxster Spyder to boost the company's sales in the coming months.
"Our successful vehicle derivatives strategy lets us satisfy the wishes of many customers who want to own a comprehensively personalized vehicle," said CEO Matthias Muller.
In order to keep up with growing demand, Porsche expanded its workforce by 12 percent to 22,945 people during Q1.