Dr. Ing. h.c. F. Porsche AG enjoyed continued growth in fiscal year 2004/05 (to 31st July). The manufacturer of sporty premium vehicles once again succeeded in selling more vehicles and in posting record results in terms of key operating figures. Group turnover rose by 6.9 per cent to 6.57 billion Euros. Pre-tax results increased by 8.9 per cent to 1.238 billion Euros. The Group’s surplus (after-tax result) grew by 12.9 per cent to 779 million Euros. The result per common-stock share rose to 44.68 Euros in fiscal year 2004/05 (previous year: 39.63 Euros) and to 44.74 Euros per preferred-stock share, compared to 39.69 Euros the previous year.

Dividend increases significantly
The further-improved results will also benefit Porsche shareholders. The shareholders’ general meeting in Stuttgart on 27th January, 2006 will be recommended to pay common-stock shareholders a dividend of 4.94 Euros per share for the 2004/05 fiscal year (previous year: 3.94 Euros) and a dividend of five Euros to preferred-stock shareholders (previous year: four Euros). The sum to be distributed as dividends has thus increased significantly by 25.2 per cent to 87 million Euros.

Respectable liquidity
Porsche Group’s liquidity increased by 18.1 per cent to 3.63 billion Euros during fiscal year 2004/05. Excluding borrowings and not including the financial services business, liquid assets rose to 2.36 billion Euros (an increase of 26 per cent). Liquidity will fall temporarily owing to Porsche’s new participation in Volkswagen AG during the current fiscal year 2005/06. However, high profitability and a persistently strong cash flow will ensure that Porsche will again enjoy respectable net liquidity in the near future.

More vehicles sold worldwide
Group sales increased by 15 per cent to 88,379 vehicles in the last fiscal year 2004/05. This growth was driven by the new sports car generations. For example, 27,826 units of the 911 were sold (an increase of 17.4 per cent), while sales of the Boxster totaled 18,009 (an increase of 38.7 per cent). Demand for the Cayenne remained high in its third year on the market, with sales rising by 4.9 per cent to 41,884 units, making the sporty all-terrain vehicle Porsche’s best-selling model. The high-performance sports car, the Carrera GT, sold 660 units (previous year: 222 units).

Production at a record high
Including the 15,892 Boxster models assembled in Finland, a total of 90,954 vehicles were built (an increase of 11.6 per cent). Production of 911 models totaled 28,619 units (up 7.4 per cent) and of the Boxster series 20,321 vehicles (up 35.8 per cent). Cayenne production rose slightly by 0.4 per cent to 41,299 units. A total of 715 Carrera GT were built (previous year: 270 units).

Increase in personnel
Contrary to general trends, Porsche Group increased its workforce by 1.8 per cent to 11,878 during fiscal year 2004/05. New jobs were primarily in customer services and at foreign subsidiaries. Totaling 7,995 employees, the workforce of Porsche AG remained almost consistent with that of the previous year (7,992 employees).

A promising start to the current fiscal year
Porsche perpetuated its success during the first four months of the current fiscal year 2005/06. According to preliminary figures, during the period 1st August to 30th November, 2005, Group turnover rose by 6.7 per cent to 2.02 billion Euros compared to the same period in fiscal year 2004/05. Group sales increased by 8.5 per cent to 25,635 vehicles. Sports cars once again fueled the growth. Sales of the 911 grew by 11.4 per cent to 9,439 units. The Boxster, including the first sales of the Cayman S, also enjoyed strong growth, posting an increase of 179.4 per cent to 4,998 vehicles. A total of 10,974 Cayenne were sold, 16.7 per cent less than in the first four months of the previous year. The Carrera GT sold 224 units (previous year: 195 vehicles). Overall, production rose by 11.1 per cent to 29,895 units during the first four months of the current fiscal year.

Irrespective of economic uncertainty, Porsche is confident as far as the outlook for the remainder of fiscal year 2005/06 is concerned. The range of models is the youngest in the history of the company, and all three model series are enjoying brisk demand. The generational transition in the 911 series continued in October with four new all-wheel drive variants of the 911 Carrera. Porsche’s aim for the new Cayman S, a two-seater coupé with a central engine, is not only to close the existing gap between the Boxster S and the 911 Carrera Coupé, but also to extend its customer base in the classic sports car segment to lasting effect. On the basis of the further-enhanced breadth and attractiveness of its product range, and also of the progressive development of new markets, particularly in Asia, the company is again anticipating growth during the current fiscal year.

The Cayenne was Porsche's best seller in 2004/05

Peugeot 407 Coupé – 5 Stars for Euroncap
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Safer car design has cut road casualties
4th December, 2005
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Morgan 4/4 70th Anniversary Model
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Peugeot Round Australia Trial 50th Anniversary
3rd December, 2005
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Volkswagen dominates "Auto Trophy"
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Morgan "drive-away" Prices
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29th November, 2005
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Land Rover Announced as Best Cars Winner
24th November, 2005
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Team Repsol Mitsubishi Ralliart Bids
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24th November, 2005
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German Debut For Volkswagen Race Touareg 2
24th November, 2005
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Audi A6 TDI Is Australia's Best Luxury Car
23rd November, 2005
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Volkswagen Touareg Experience 360° Back
22nd November, 2005
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New 2.0 TDI Engine For Audi A4 Range
21st November, 2005
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Cadillac Wins Manufacturers’ Titles
18th November, 2005
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New Volkswagen Passat Clinches Prestigious Award
17th November, 2005
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Ford Invention Wins Award
17th November, 2005
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Porsche Again Makes A Record Profit
17th November, 2005
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Repsol Team Takes Win in UAE Desert
17th November, 2005
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Green Light For New Audi R8 Sports Car
17th November, 2005
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New Audi S4 Launched in Australia
16th November, 2005
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Porsche: Turbo Driving Force
15th November, 2005
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Porsche To Build New Drive Centre
14th November, 2005
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Peugeot Welcomes UK Bio-Fuel Initiative
13th November, 2005
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UK Requires 5% Renewable Fuel By 2010
13th November, 2005
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UK Crackdown On The Uninsured
11th November, 2005
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Audi: Sweaty Overalls Off, Italian Fashion On
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Duke of York Visits Bentley Motors
11th November, 2005
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Europe's VW Touareg W12 Sport Edition
10th November, 2005
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Volkswagen California and California 4MOTION
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Strong Demand For Boxster In North America
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Peugeot’s Carbon Sink in the Amazon Forest
5th November, 2005
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The Last Rover
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Audi Hits 4,000 Units in Australia
3rd November, 2005
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Range Rover Sport At SEMA
3rd November, 2005
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Ford GTX1 Roadster At SEMA
2nd November, 2005
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Bentley Celebrates The Blue Train Race
1st November, 2005
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VW Touareg Tow Ball Down Weight Now 350kg
31st October, 2005
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Porsche Looks For New Record In China
28th October, 2005
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Caterham Dominates Monte Carlo 2005
26th October, 2005
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Porsche Sells 3,000+ Vehicles In Japan
26th October, 2005
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Scottish Sports Car Of The Year
24th October, 2005
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Volkswagen Wins Grand Challenge 2005
20th October, 2005
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The New Audi S8
19th October, 2005
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Japan's Mazda RX-8 'Sport Prestige Limited II'
19th October, 2005
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Start Of Building For New Porsche Museum
19th October, 2005
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Toyota Infringement Of Antonov Patents Update
19th October, 2005
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New World Blind Land Speed Record
12th October, 2005
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Aston Martin wins 2005 Luxury Briefing Award
11th October, 2005
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Porsche Secures Stake In Volkswagen
11th October, 2005
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Porsche Scores Record Sales In Germany
22nd September, 2005
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Volkswagen Touareg For 2006 Dakar Rally
21st September, 2005
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I'm Always Dreamin'
20th September, 2005
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New Mid-Engined Porsche Coupe
19th September, 2005
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Lamborghini Gallardo Spyder
14th September, 2005
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UK Diesel Sales Increase!
14th September, 2005
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Porsche Plans Hybrid Drive For Cayenne
13th September, 2005
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Volkswagen Eos To Be Launched In 2006
13th September, 2005
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Cadillac BLS
31st August, 2005
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Audi ups the Ante on Vehicle Security
26th August, 2005
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Ford GT ‘Heritage’
23rd August, 2005
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Porsche Announces Carrera 4 Prices
14th August, 2005
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The New Range Rover Sport
9th August, 2005
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7th August, 2005
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Aston Martin V8 Vantage Coming To Australia
5th August, 2005
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A Porsche .... but not as you know it!
4th August, 2005
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MG Rover Sold To Nanjing Automotive
1st August, 2005
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Lamborghini Gallardo SE
1st August, 2005
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Peugeot 407 Coupe Breaks Cover
31st July, 2005
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New Porsche Panamera Is Due In 2009
28th July, 2005
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Morgan Range Updated For 2005
20th June, 2005
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