Porsche Leasing: 8.4m-euro profit after 9 months

Porsche Leasing, the captive company of the car importer Porsche, closed the first nine months of this year with profit worth over 8.4 million euros, up 33% against the same time last year. The value of funded goods climbed 11% during this period, to 248.7 million euros, compared with 224.4 million euros in the first nine months of 2006. Porsche Leasing closed over 16,300 contracts in the first three quarters of the year and now boasts over 60,000 contracts. By yearend, Porsche Leasing estimates it will provide funding for 20,000 cars worth 320 million euros in total, which accounts for 40% deliveries made by importer Porsche Romania. “Next year, we expect to see a 10% increase in the value of funded cars, and to account for an approximately 40% share of the sales conducted by Porsche Romania,” said Helian Redai, sales and marketing manager of Porsche Bank group.