The Washington Post

Porsche said it expects returns


at roughly last year’s record level on the back of attractive models and high prices, provided the challengin­g economic backdrop doesn’t get worse. The luxury-car maker’s operating margin is set to reach between 17 percent and 19 percent this year, compared with 18 percent last year, Porsche said Monday. The key profit contributo­r to its parent, Volkswagen, expects revenue to rise to as much $45.1 billion. Porsche said it has “well-filled” order books helping to stave off some of the pressure from ongoing supply-chain troubles.

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