Porsche AG reported an operating return on sales of 18.3% in its first nine months on Wednesday, in line with its annual forecast, with operating profit up 9% to 5.5 billion euros ($5.83 billion).

The luxury carmaker saw a 12.6% rise in sales revenue to 30.13 billion euros, on a 9.6% rise in deliveries.

Porsche confirmed its outlook for 2023 of a 17-19% return on sales of 40 to 42 billion euros and a 20% return on sales in the long term.

The company had said in late September it expected to hit those forecasts despite interest rate rises and an uncertain economic outlook in China, causing some instability.



($1 = 0.9432 euros) (Reporting by Victoria Waldersee, Editing by Friederike Heine)