Porsche ramps up order book

PROCUREMENT   FINANCE   MANUFACTURING

Global – Porsche is boosting its order book due to strong international sales, according to its head of procurement and finance.

“Due to the order intake worldwide in the past few months, we expect a good double-digit return on sales in the short fiscal year from August to December 2010,” Lutz Meschke, procurement and finance chief of the manufacturer said.

Porsche saw 86.4% growth of unit sales for from August to October, with unit sales in the three months growing 63% in Europe while sales in the US grew 82%.

In Asia and the rest of the world, unit sales shot up by 126%, Procurement Leaders reported. This was attributed to a particularly strong growth in China.

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