Porsche says 10-month revenues lag car sales

Newswire

FRANKFURT, June 24 (Reuters) - Revenues at German luxury carmaker Porsche lagged car sales in the 10 months to May, the company said on Friday. Turnover rose 5.4 percent to 5.34 billion euros ($6.51 billion), while unit sales increased 13.3 percent to 69,685 vehicles. Porsche, which boasts the fattest margins across the carmaking industry, continued to forecast car sales of more than 80,000 units, revenue growth and a continued high level of earnings for the current fiscal year ending in ...

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