Porsche’s operating margin rose last year, bolstering parent Volkswagen Group’s plan for a listing of the iconic sports-car brand.
Porsche reported an operating margin of 16.5 percent in 2021, up from 15.4 percent. This dwarfed VW, the group’s main mass-market brand, which reported 3.3 percent, excluding returns from the highly profitable Chinese venture.
VW is pushing ahead with plans for an initial public offering of Porsche during the fourth quarter, against a backdrop of highly volatile global markets limiting investor appetite.