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4-Traders Homepage  >  Equities  >  Xetra  >  Porsche    PAH3   DE000PAH0038

PORSCHE (PAH3)
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Porsche : Sets U.S. Sales Record in 2017 with 55,420 Vehicles Delivered, up 2.1 Percent

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01/03/2018 | 08:55pm CEST

January 3, 2018

Eighth consecutive year of growth as Porsche dealers sell 3,913 vehicles in December 2017

Atlanta, Georgia. Porsche Cars North America, Inc. (PCNA), importer and distributor of the Porsche 911, 718 Boxster and Cayman, Panamera, Cayenne, and Macan model lines, today announced 3,913 retail sales in December. This brings 2017 to a close with 55,420 vehicles sold, a 2.1 percent increase over the previous year.

'Demand for four-door and two-door Porsche sports cars allowed PCNA to achieve another annual record in 2017, making it the eighth consecutive year of increased sales,' said Klaus Zellmer, President and CEO of PCNA. 'The Macan and Panamera model lines posted double-digit growth, and we can expect an additional boost with the arrival of our all-new Cayenne in the second half of the year.' Porsche 911 sales also grew, with just under 9,000 retail deliveries of the iconic sports car.

Porsche Approved Certified Pre-Owned (CPO) vehicle sales in the U.S. were at 2,153 units, a 24.6 percent increase over December 2016. For 2017, CPO sales were up 12.5 percent with 19,104 deliveries.

About Porsche Cars North America Inc. | One Porsche Drive, Atlanta, GA 30354 USAEstablished in 1984, Porsche Cars North America, Inc. (PCNA) is the exclusive U.S. importer of Porsche 911, 718 Boxster and 718 Cayman sports cars; Macan and Cayenne SUVs; and Panamera sports sedans. Headquartered in Atlanta, Georgia since 1998, PCNA is also home to the first Porsche Experience Center in North America featuring a module-based 1.6 mile driver development track, business center, and fine dining restaurant, 356. The company operates a second Porsche Experience Center near Los Angeles. That 53-acre complex features a driver development track with eight educational modules totaling 4.1 miles, a business center, and Restaurant 917. PCNA employs over 300 people who provide parts, service, marketing, and training for 189 dealers. They, in turn, work to provide Porsche customers with a best-in-class experience that is in keeping with the Porsche brand's nearly 70-year history of leadership in the advancement of vehicle performance, safety, and efficiency. PCNA is an indirect wholly-owned subsidiary of Porsche AG, which is headquartered in Stuttgart, Germany.

At the core of this success is Porsche's proud racing heritage that boasts some 30,000-plus motorsport wins to date.

Follow us: twitter.com/porsche | facebook.com/porsche

For Porsche apps:http://www.porsche.com/usa/entertainment/apps/

Note: Photos and video footage are available to accredited journalists on the Porsche Press Database at http://press.porsche.com/

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Porsche Automobil Holding SE published this content on 03 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 03 January 2018 19:54:08 UTC.

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Financials (€)
Sales 2018 0,17 M
EBIT 2018 4 249 M
Net income 2018 4 059 M
Finance 2018 1 085 M
Yield 2018 3,03%
P/E ratio 2018 5,50
P/E ratio 2019 5,05
EV / Sales 2018 59 771x
EV / Sales 2019 49 881x
Capitalization 11 049 M
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 81,4 €
Spread / Average Target 13%
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Managers
NameTitle
Hans Dieter Pötsch Chairman-Executive Board & Chief Financial Officer
Wolfgang Porsche Chairman-Supervisory Board
Ulrich Lehner Member-Supervisory Board
Ferdinand Oliver Porsche Member-Supervisory Board
Hans Michel Piëch Deputy Chairman-Supervisory Board
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