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Porsche revises its 2022 ambitions upwards ahead of its IPO

Porsche revises its 2022 ambitions upwards ahead of its IPO

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As it approaches its initial public offering, luxury automaker Porsche has revised its fiscal 2022 and long-term ambitions and targets upward.

 

Amid burgeoning global demand for exclusive and electrified luxury vehicles, Porsche has revised its profitability targets upward. Valued at between 80 and 90 billion euros, the German company’s IPO during the fourth quarter therefore bodes well. However, this desire must still be confirmed by Porsche’s parent company, Volkswagen, during the summer.

 

Regarding its objectives for the year 2022, Porsche is aiming for a turnover between 38 and 39 billion euros, which is a growth of 11 to 14% compared to 2021, when the group sold 302,000 Macan and Cayenne worldwide, which became its record.

 

 

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Featured photo : © Porsche

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