Porsche achieves operating profit of more than one billion euro News by admin Porsche made a profit of over one billion euros in the first half of 2011. Excuse our copying and pasting of the press release, but we wanted to get this good news to you as quickly as possible. Anyone mentioned a recession? In the first half of 2011, Dr. Ing. h.c. F. Porsche AG, Stuttgart, further improved the company's earnings, generating an operating profit of 1.07 billion euro. This compares with 675 million euro in the corresponding period of 2010. Compared with the corresponding period of 2010, revenue in the first six months of the current fiscal year increased by 18.9 per cent to reach 5.22 billion euro. Sales increased by 26.3 per cent to 56,272 vehicles. Customer deliveries rose 36.8 per cent to 60,659 vehicles. Matthias Mueller, the Chairman of the Board of Management, explained the strong growth: "Thanks to its very attractive model offering, Porsche AG is able to benefit from the global high demand for sports cars in the premium segment". The Porsche AG CEO confirmed that the company is aiming to set a new sales record of more than 100,000 vehicles in the 2011 fiscal year. Lutz Meschke, Porsche AG's Chief Financial Officer, emphasised the high liquidity inflow in the first half of 2011. "We were able to finance all investments from our cash flow", said Meschke. "This is attributable to our high earnings and Porsche AG's very healthy cost structure. Future vehicle