Porsche sets long-term margin goal of 20%

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Porsche sets long-term margin goal of 20%
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Deliveries rose 2.6% to nearly 310,000 cars in 2022, a new record for the German carmaker

Porsche chairman Oliver Blume at Monday’s annual press conference. Picture: SUPPLIED

CFO Lutz Meschke, however, warned that supply chain issues, geopolitical strains and rising inflation still presented a challenge for the industry. The luxury carmaker’s outlook chimes with competitors such as Ferrari, Aston Martin and former parent Volkswagen , who vowed stronger results in 2023 as the end of 2022 provided some relief from supply chain bottlenecks that had weighed on the first nine months of the year.

During 2023, the Cayenne is set to undergo one of the most comprehensive upgrades in the history of Porsche. The updates to the third-generation model include three further-developed plug-in hybrids with greater ranges.

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