Porsche AG reported record earnings in 2022, with profits up by over a quarter to 6.8 billion euros ($7.29 billion) on a rise in deliveries of 2.6 per cent.
Porsche, which overtook Volkswagen as Europe's most valuable carmaker within a week of its stock market debut, will pay a dividend of 1 euro per ordinary share and 1.01 euros per preferred share for 2022, it said on Monday.
The company is targeting a rise in revenue to 40-42 billion euros this year from 37.6 billion in 2022, and a margin of 17-19 per cent. Long-term, its goal is a 20 per cent margin, the statement said.
(Published 13 March 2023, 09:14 IST)