POAHY Porsche Automobile Holding SE (PK)

  By Friedrich Geiger 
 

FRANKFURT--Volkswagen AG (VOW.XE) subsidiary Porsche AG said Friday it is striving for flat earnings in 2013, in line with the parent company's goal for the entire group.

Porsche's operating result rose 19% last year to EUR2.44 billion ($3.19 billion) as revenue increased 27% to EUR13.9 billion. Both are record levels for the sports car maker.

Sales rose 22% to 143,096 vehicles. The 911 model series showed the highest growth rate. "The new generation of the sports car icon found such great reception among customers that sales increased by 49%," said the company. Porsche's sales rose 34% in North America and 32% in China.

Volkswagen said Thursday the group's goal for operating profit is to match the 2012 level this year given ongoing uncertainty in the economic environment, despite being confident that deliveries will increase.

Write to Friedrich Geiger at friedrich.geiger@dowjones.com

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