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Stuttgart. The chief financial officer of Dr. Ing. h.c. F. Porsche AG, Lutz Meschke, was elected “CFO of the Year” at the cross-sectoral event for financial decision makers “600Minutes CFO” in Munich. The award underscores the high earning power of the company and the rigorous cost discipline prevailing in it, turning Porsche AG into one of the most profitable car makers in the world.
With earnings before taxes of 2.65 billion euro and an operating return on sales of 18 percent, the 2012 fiscal year has been the most successful in the company's history. In the ongoing year, Porsche AG is expanding its plant in Leipzig and developing the sporty SUV Macan as well as the 918 Spyder super sports car. Despite the required investments, the car manufacturer is going to maintain its high profitability. “The healthy scalable cost structure with relatively low fixed costs constitutes an important factor of success for Porsche AG,” CFO Meschke explained on the occasion of the award presentation in Munich.
As the topmost supplier in the premium segment, Porsche is currently writing a new chapter of the company's success story with the presentation of the Panamera S E-Hybrid. “With investments in the development of the plug-in hybrid technology, we can sustainably reduce CO2 emissions as well as fuel consumption, thus safeguarding our strong market position and high profitability in the long term,” Meschke continued.
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|Hans-Gerd Bode||Director Communications|
|Achim Schneider||General Manager Corporate Press|
|Matthias Rauter||Human Resources and CSR|
|Julia Pirlich||Local Press Leipzig|
|Lukas Kunze||Sales and Production Stuttgart|
|Helga Ohlhäuser||Lifestyle Communication and Public Media|
|Eberhard Scholl||Local Press Stuttgart|
|Frank Scholtys||Head of Financial Communication and Investor Relations|
|Dr. Roman Tancar||Financial Communication and Investor Relations|
|Christian Weiss||Porsche Design|
|Thomas Becki||Head of Product and Technical Communications|
|Hermann-Josef Stappen||Technical Communications|
|Elena Marciniak||Model Range: 911, Boxster/Cayman|
|Tim Bravo||Product Communications|
|Holger Eckhardt||Motorsport WEC/LMP1|
|Thomas Hagg||Model Range: Panamera, Cayenne, Macan|
|Oliver Hilger||Motorsport Communication GT|
|Nicole Lay||Porsche Museum|
|Andreas Schönhuber||Test Vehicles|
|Achim Stejskal||Head of Porsche Museum|
|Dieter Landenberger||Historical Archive|
© 2014 Dr. Ing. h.c. F. Porsche AG. Legal notice.
* These data were obtained using the Euro 5 measurement method (715/2007/EC and 692/2008/EC) in the NEDC (New European Driving Cycle) with standard equipment. The information does not refer to an individual vehicle and is not part of the offer, but is simply provided so that comparisons can be made between different types of vehicle. Further, up to date information on the individual vehicles can be obtained from your Porsche Centre.
Consumption figures were obtained on the basis of standard equipment. Special equipment may affect consumption and performance.