WOLFSBURG, Germany—Porsche AG expects sales to rise to as much as 42 billion euros ($45 billion) in 2023 after the luxury carmaker sped to record earnings and revenue in its first year since its initial public offering, as it boosted car deliveries.
Chief Financial Officer Lutz Meschke, however, warned that supply chain issues, geopolitical strains, and rising inflation still presented a challenge for the industry.
Porsche AG, historically a huge money spinner for the Volkswagen Group, which owns 75 percent minus one ordinary share of the group, is targeting a margin of 17–19 percent this year with a long-term goal of 20 percent, it said in a statement….