Porsche delivers 155,945 vehicles in the first half of the year

EQS-News: Dr. Ing. h.c. F. Porsche AG / Key word(s): Miscellaneous
Porsche delivers 155,945 vehicles in the first half of the year

09.07.2024 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Porsche delivers 155,945 vehicles in the first half of the year

* Sales remain stable in the year of product launches

* Europe with sales growth, North America with strong 2nd quarter

* Sales structure very balanced in the individual sales regions

* Demand for the all-electric Macan remains high

* New 911 popular with customers

Stuttgart. In the year of product launches, Porsche maintains stable sales
in the first half of 2024: a total of 155,945 vehicles were handed over to
customers worldwide between January and June. This corresponds to a moderate
decrease of 7 percent compared to the previous year. With the Cayenne,
Panamera, Macan, Taycan and 911, the sports car manufacturer is currently
updating five of its six model series. The associated transitions are
complex and temporarily lead to gaps in the range in individual markets and
model series. Nevertheless, Porsche has shown itself to be robust over the
past six months.

'With the most powerful model range in the company's history, we are sending
out a clear signal. Our customers can rely on us. Even in a globally
challenging market environment, we deliver inspiring sports cars with unique
performance, many innovations and a high degree of individualization,' says
Detlev von Platen, Member of the Executive Board for Sales and Marketing at
Porsche AG. 'In the first half of 2024, we were once again able to rely on
our very well-balanced sales structure in our sales regions and compensate
for challenges in individual markets. This gives us stability and confirms
that we will continue to consistently pursue our strategy of value-oriented
sales in the future.'

Growth in Europe

In Europe (excluding Germany), Porsche delivered 38,611 vehicles in the
first half of the year, an increase of 6 percent compared to the same period
last year. In the home market of Germany, the number of vehicles delivered
even rose by 22 percent. A total of 20,811 units were handed over to
customers. In China, the sports car manufacturer delivered 29,551 vehicles
from January to June, a decrease of 33 percent. The main reasons for this
still are the ongoing tense economic situation in the Chinese market and the
focus on value-oriented sales. In North America, Porsche delivered 39,558
vehicles to its customers, a decrease of 6 percent. Following
customs-related delays in the delivery of some vehicle models in the first
quarter, the region was able to catch up noticeably, posting its strongest
quarterly performance. In the overseas and emerging markets, 27,414 vehicles
were handed over to customers. This corresponds to the high level of the
previous year.

Great demand for the all-electric Macan

With 54,587 units, the Porsche Cayenne recorded the most deliveries in the
first half of the year (+16 percent). The Porsche Macan went to 39,167
customers. This represents a drop of 18 percent, which is due to the model
changeover in many markets. Detlev von Platen: 'The new all-electric
generation of the SUV recorded a very pleasing order intake. The first
vehicles will be handed over to customers in the second half of the year.'

The iconic 911 sports car continues to be very popular with customers:
28,212 911s were delivered worldwide (+8 percent). The Panamera went to
13,255 customers (-25 percent). The decline can be explained by the current
model change. This also applies to the Taycan. In the first half of the
year, 8,838 customers took delivery of the Taycan (-51 percent). The 718
Boxster and 718 Cayman models achieved 11,886 deliveries, which corresponds
to growth of 8 percent.

'In 2024, we will put the most powerful Porsche product portfolio of all
time on the road. We will continue to focus on a triad of drive systems:
fully electric vehicles, efficient plug-in hybrids and emotional combustion
engines,' says Detlev von Platen. 'With this triad, we believe we are well
positioned for the future and have an attractive offering for all customers
- regardless of preferences and developments in the individual regions of
the world.'

    Porsche AG Deliveries          January - June
                2023                   2024      Difference
    Worldwide                         167,354      155,945   -7%
    Germany                            17,118       20,811   +22%
    North America                      41,937       39,558   -6%
    China                              43,832       29,551   -33%
    Europe (excluding Germany)         36,574       38,611   +6%
    Overseas and emerging markets      27,893       27,414   -2%

Disclaimer

This release contains forward-looking statements and information on the
currently expected business development of Porsche AG. These statements are
subject to risks and uncertainties. They are based on assumptions about the
development of economic, political and legal conditions in individual
countries, economic regions and markets, in particular for the automotive
industry, which we have made based on the information available to us and
which we consider to be realistic at the time of publication. If any of
these or other risks materialise, or if the assumptions underlying these
statements prove incorrect, the actual results could be significantly
different from those expressed or implied by such statements.
Forward-looking statements in this presentation are based solely on the
information pertaining on the day of publication.

These forward-looking statements will not be updated later. Such statements
are valid on the day of publication and may be overtaken by later events.

This information does not constitute an offer to exchange or sell or offer
to exchange or purchase securities.


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09.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        Dr. Ing. h.c. F. Porsche AG
                   Porscheplatz 1
                   70435 Stuttgart
                   Germany
   Phone:          +497119110
   E-mail:         info@porsche.de
   Internet:       https://www.porsche.com/international/
   ISIN:           DE000PAG9113
   WKN:            PAG911
   Listed:         Regulated Market in Frankfurt (Prime Standard)
   EQS News ID:    1941813

End of News EQS News Service
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1941813 09.07.2024 CET/CEST