Despite delivery difficulties, the sports and off-road vehicle manufacturer Porsche has grown significantly in the past year. At 6.8 billion euros, earnings before interest and taxes were 27.4 percent above the previous year's figure, as the VW subsidiary announced on Monday. In the year of its IPO, the Stuttgart-based company increased sales by 13.6 percent to 37.6 billion euros. "Under difficult conditions, we achieved by far the best result in the history of Porsche," said Porsche and VW CEO Oliver Blume. As already known, sales increased by 2.6 percent to 309,884 cars.

Porsche is also optimistic about the current year. In terms of sales, the company is aiming for a corridor between 40 and 42 billion euros. And in terms of the operating return on sales - i.e. the share of profit in current business in sales - the company is heading towards its proclaimed target of 20 percent. In 2022, the value had risen from 16 to 18 percent.

The VW Group had taken Porsche public in September and had grossed 9.1 billion euros through the listing of a quarter of the Porsche AG preferred shares. In addition, 25 percent plus one share of the voting stock of Porsche AG went to the VW parent company Porsche SE, which is controlled by the owner families Porsche and Piëch. In December, Porsche was promoted to the leading index Dax, replacing the sporting goods manufacturer Puma.