Porsche AG on Wednesday confirmed its 2023 guidance after reporting a higher profit for the first quarter on rising sales and strong pricing and product mix.
The German sports-car maker XE:P911 said operating profit for the period amounted to 1.84 billion euros ($2.02 billion), up 25% over the same period last year. Revenue climbed 25.5% to EUR10.10 billion. Porsche’s return on sales was 18.2%, flat on year.
“Markets…
