Porsche 2006 Annual Report Download - page 27
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25
Germany is now playing a different role to that in
the period from 1995 to 2005 during which the eco-
nomic impetus was generally weak. In 2008, as was
the case in 2007, the overall economic production
in Germany is expected to grow faster than the
average in the European Union. Unemployment
could thus drop to the lowest level since 1981 and
public budgets should at least be able to contain
the growing level of debt. If private consumption
increases in 2008, the end of the upswing in
Germany is not in sight.
When looking at the current 2007/08 fiscal year,
Porsche is confident that it will be able to emulate
the record revenue and sales figures achieved in
the past fiscal year. The continuing expansion of the
sales network in the growth markets China, Russia
and the Middle East and the enlarged product pro-
gram will play an important role here. Following in
the footsteps of the 911 Turbo Cabriolet and the
911 GT2, a particularly sporty variant of the series,
the Cayenne GTS, will cross the starting line. Porsche
does not, however, expect the next big growth surge
until the market launch of the four-door and four-
seater Gran Turismo Panamera in 2009. Until then,
the company development will be characterized by
consolidation on a high level.
Stuttgart, October 15, 2007
Dr. Ing. h.c. F. Porsche AG
The Executive Board