Porsche Ag Presents New Strategy 'Sportwagenschmiede '35' Through 2035

In Medium Term, Company Is Aiming For A Group Operating Return On Sales Of 10 To 15 Per Cent And An Automotive Net Cash Flow Margin Of 9 To 12 Per Cent Cash Generation Is Expected To Increase At A Disproportionate Rate Plans To Launch At Least One Brand-Defining New Product Every Year Sales And Distribution Costs Are To Be Reduced By 20 Per Cent In Medium Term Through A More Efficient Organisation Management Positions Will Be Reduced By 40 Per Cent In Medium Term Overall, Workforce In Both Direct And Indirect Functions Will Be Reduced By 25 Per Cent In Medium Term - With A Strategic Target Of 30 Per Cent In Addition, Personnel Costs Will Be Reduced By About 10 Per Cent Due To Measures Taken As Part Of Future Package Wants To Increase Average Selling Price Of Its Top-Of--Range Models By About 20 Per Cent In Medium Term