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.