BERLIN — Porsche reported a rise in operating profit of 10.7 percent to 3.85 billion euros ($4.25 billion) in the first half of the year and confirmed its forecast for the second half despite a “tense” global economic situation.
The sports-car maker saw revenue jump 14 percent to 20.43 billion euros on 15 percent more deliveries, signaling a recovery from the dent to output in the same period last year caused in part by lockdowns in China.
It was facing higher costs than last year in part due to marketing the Porsche Cayenne and digitalizing its operations, but kept revenue up via consistent pricing on rising sales, it said.
The company had said in May it would raise prices by 4-8 percent in Europe and the U.S. in the second half to combat higher costs, which weighed on first quarter returns.
Its operating return on sales was 19.5 percent in the second quarter but 18.9 percent for the first half overall, below last year’s 19.4 percent.
“The global economic situation remains tense,” Porsche’s statement said, citing the ongoing challenge of securing parts, general rising costs and geopolitical tensions.