New car sales of the group went up by 3% in 2017, so the overall revenue growth came from sales of parts, services, and of more expensive cars. In its 20 years in business in Romania, Porsche posted more than EUR8 billion revenue, and paid EUR1.3 billion in taxes.
Its best year was 2008, when revenue reached EUR992 million and net profit EUR86 million. The crisis came afterwards and led to a decline in the sales of new cars.
Porsche Romania’s has been run by Brent Valmar, one of the most powerful executives on the local market, since 1997.
Porsche Romania is part of Porsche Holding, now fully owned by Volkswagen. Porsche was the first European automaker to bet on Romania in late ‘90s, when no one could have imagined the surge in auto sales that was to come.
(English version by Loredana Fratila-Cristescu)