Porsche Asia Pacific Pte Ltd’s Post

In 2023, Porsche AG Group delivered. 💪 With sales revenue of €40.5 billion, operating profit of €7.3 billion and operating return on sales of 18 percent in the first year after our IPO, we delivered on our guidance and continued our profitable growth.   Of course, our shareholders will also benefit from our success. The Executive Board and Supervisory Board will propose to the Annual General Meeting a dividend payment of €2.1 billion for the past financial year – that's €2.30 per ordinary share and €2.31 per preference share.   Now, with these strong results behind us, we’re seizing the initiative anew. We’re doing this in three ways:   👉 Firstly, with our products: Our fascinating sports cars are the very heart of Porsche. With the new Panamera, all-electric Macan, Taycan and 911, 2024 marks the biggest model offensive in the history of our company. 👉 Secondly, with the positioning of our brand: Porsche is individual, exclusive and desirable. Our brand fascinates people all over the world and makes their dreams come true. 👉 Thirdly, with the transformation of our company: We’re making smart investment decisions in innovations, digitalization and sustainability. We’re also investing in the people who shape Porsche through their work every day.   All this will make for a very exciting year – and a challenging one, too. The model changeovers, for example, mean working hard to ramp down as well as ramp up the production of four of our products in two plants at the same time.   But even in challenging and volatile times, Porsche is financially robust. We’re supported by impressive figures, a loyal customer base and a very well-balanced sales structure. Based on our strong product substance and individualization, we’ll continue to benefit from our pricing potential. In the coming years, we’re convinced that our exclusive range of new vehicles will continue to increase our margin.   In 2024, with the renewal of our product range, global framework conditions, higher D&A on capitalized R&D and continued spending on brand development, we expect a Group operating return on sales of 15 to 17 percent.   #Porsche #DrivenByDreams

Let’s get ready for the future! 💫   My figure of the month April gives a glimpse into the future of Porsche AG: 14,895.   This is the amazing number of vehicles delivered to customers in our overseas and emerging markets sales region during the first quarter of 2024.   14,895 vehicles. This means an increase of 14 percent compared to Q1 2023 and good news to Porsche and its shareholders. Why? Because it shows that we’re continuing to improve the balance of our global market distribution. Such a well-balanced foundation enables us to quickly and successfully deal with temporary fluctuations in individual markets. 🌊⛵   In Q1 2024, we delivered 77,640 vehicles to customers around the world. This represents a moderate decline of 4 percent compared to Q1 2023.   So, this was a stable start to the challenging year of 2024. As you know, with the all-electric Macan, the new Panamera, the Taycan and the new 911, we’re updating four of our six model lines in 2024.   In short: we’re getting ready for the future!   With our attractive new vehicles, we’re bringing the strongest Porsche product portfolio of all time onto the road. This puts us in an ideal starting position for the coming years. But let’s not forget that so many new launches in such a short space of time is a very complex challenge. We’re approaching these tasks conscientiously and acting prudently.   Our priority here is always value over volume. This means we’re aiming for value-creating growth over everything else – driven by a strong mix of products of unique and deeply appealing cars. 🏎   #Porsche #DrivenByDreams  

How Porsche delivers excellence... Did you know that Porsche uses over 2500 suppliers to build their cars. They do this by asking themselves: - What does the customer really want? - What's the experience their customers are looking for? - How can they bring together the best suppliers to make the product perfect? They don't say... "We can do everything ourselves" Small businesses need to think like this too. Business is a team sport and if you want to create a perfect experience you may need to build partnerships, find suppliers and recruit people who are better than you. It's the best way to deliver Porsche level quality. #porsche #quality #smallbusiness

Daniel Priestley's insights on Porsche AG's success offer valuable lessons for entrepreneurs: 1. Prioritize Customer Needs: #WhatCustomerWants 2. Embrace Collaboration: Like in sports, business thrives on #teamwork. By adopting Porsche's customer-centric approach and embracing collaboration, entrepreneurs can elevate their businesses to new heights of success. Take a moment to reflect on how you can prioritize customer needs and foster collaborations within your business ecosystem. Whether it's refining your products/services or seeking out strategic partnerships, implement these strategies to drive your business forward. #babylon2k #uhymac #uhyinternational

What BMW, Mercedes and Porsche are suffering from in China 🚗 Challenges for German Premium Carmakers in China German premium carmakers BMW, Mercedes-Benz, and Porsche are facing significant hurdles in the Chinese market. Recent data reveals a decline in sales for the first quarter of 2024: BMW: Sales fell by 3.8% Mercedes-Benz: Sales dropped by 12% Porsche: Sales plummeted by 24% Supply chain troubles and model changes have contributed to these declines. Mercedes-Benz is ramping up its E-Class in China, while Porsche is updating its Panamera and Taycan models. Additionally, Porsche’s North American sales were disrupted due to customs issues related to anti-forced labor laws. Despite efforts to boost demand, the market remains challenging. German carmakers are launching new all-electric models and updating combustion engine offerings to tackle growing competition and revive sales, which are still below pre-pandemic levels. The German autos association VDA reported that while total sales in the first quarter were above last year’s figures, they remain 21% below 2019 levels. As the industry navigates these challenges, the focus remains on innovation and adaptation to meet evolving market demands. #AutomotiveIndustry #ChinaMarket #BMW #MercedesBenz #Porsche #ElectricVehicles #SupplyChain

General Motors and Cadillac have been targeting Germany and the rest of Europe ad nauseam for decades, with little or no success. Look at what has evolved in North America, home of Cadillac and Lincoln. If the new Lyriq does not have the Teutonic "feel" and characteristics prevalent within Mercedes-Benz AG, BMW Group, AUDI AG vehicles, it may be another exercise in futility. Direct sales may be a "differentiator" initially, BUT what will the sales, and just as importantly, the service experience be?? Big questions with no answers yet. We look at North American and what has happened to both Cadillac and Lincoln Motor Company from Ford Motor Company. Decades of submission to their German and Japanese (Lexus) competition. Over-dealered (some recent shrinkage), uncompetitive product and archaic sales processes (agency model can't be integrated??) have all contributed to brand degradation. With no "WOW" factor to speak of, Europe will remain a massive challenge. Maybe Cadillac has something else to share? #automotive #automotiveindustry #sales #innovation #ecommerce #branding #ai #ev #electricvehicles #technology #business #leadership #disruptor

According to Reuters reports, the Chinese market is turning away from premium German manufacturers. Until recently, German automotive products were a symbol of prestige, but now, as sales results indicate, this trend is losing steam. BMW sales in China are down 3.8%, Mercedes-Benz is down 12%, and Porsche even as much as 24%. Meanwhile, Chinese-made cars are getting better and more competitive against experienced rivals.   A strong brand with a history is no longer a strong argument, and if European OEMs want to regain their advantage, they must increase their R&D efforts and, above all, become more independent of components from the Asian market. Manufacturers are facing a bottleneck problem on the one hand, while on the other, strict forced labor regulations preclude the use of component parts from Asian suppliers. European automotive has two options at the moment: step up its game or give way to young tigers. And I don't suppose the old guard will give up so easily.   Link: https://lnkd.in/evAybw88

Check out this interesting chart showcasing the top 45 vehicles sold in the USA in 2023. It's surprising to see many non-US brands in the top 10! However, it's worth noting that all of the top 17 are produced in the US, with Audi being the closest abroad production in Mexico. This begs the question: is the production country or brand still an important decision criteria for buyers? Or more terms of price, reliability, and more? Let's discuss in the comments! #USAVehicles #AutoIndustry #ProductionCountry #BrandCriteria

📊 Our colleagues from "Brand Group Core" have released their first-half results. The five teams at Volkswagen, SEAT S.A. & CUPRA, Škoda Auto, and Volkswagen Commercial Vehicles worked hard for stable sales revenues and a huge wave of products. ➡️ Despite these efforts, challenges remain, especially for the Volkswagen brand: ▪️ Fixed costs increased due to a comprehensive product offensive, higher personnel expenses, and factory costs from part shortages. Slightly better sales and revenues couldn’t fully offset these. ▪️ Operating profit stood at €3.5 billion, a decline of 8.2% from last year. Return on sales fell to 5.0%. ▪️ Special items, particularly at VW, affected these results. Without them, the operating margin would have been 6.0%. The greatest strength: a fresh, diverse product lineup and a full range of powertrain technologies to meet global customer preferences. 💬 Check out what the Head of Brand Group Core, Thomas Schäfer, has to say about the results. 👉

Porsche AG continues to push forward with its aggressive strategy of higher volume in profitable segments, after a very successful 2023. The Porsche brand remains sports car LEADER on the planet for the foreseeable future. The German luxury automaker said it expects an operating return on sales of between 15% and 17% in 2024, down from the 18% margin notched in 2023 and 2022. Headwinds include increased competition and tougher economic conditions. "Porsche is launching a record four new car ranges in 2024, in the form of the Panamera, Macan, Taycan and 911 model lines". #automotive #automotiveindustry #marketing #digitalmarketing #sales #leadership #management #innovation #ecommerce #branding #ai #brand #ev #electricvehicles #technology