The almost 60% car market decline in 2009 hammered Porsche Holdings' Romanian operations, with turnover going down from almost 1.36 billion euros, to almost 600m euros, but the Romanian unit is still the biggest in Eastern Europe. Thus, the turnover of Porsche Holding, the biggest player domestically, dropped by 56% in the April 2009-March 31 2010 fiscal year. Of the total figure, almost 400m euros come as the turnover of the importer, with the gap represented by Porsche Inter Auto, the auto retail unit that controls five dealers, Porsche Bank, Porsche Leasing and Porsche Mobility. Amid the falling revenues, the Romanian unit also posted the biggest headcount reductions inside the Austrian group, by almost 16% to 865 persons. Most reductions were operated at the level of Porsche Inter Auto dealers. Most likely next year, Porsche Inter Auto will open its fifth car centre of Bucharest in the wake of investments of above 10m euros.
The almost 60% car market decline in 2009 hammered Porsche Holdings' Romanian operations, with turnover going down from almost 1.36 billion euros, to almost 600m euros, but the Romanian unit is still the biggest in Eastern Europe. Thus, the turnover of Porsche Holding, the biggest player domestically, dropped by 56% in the April 2009-March 31 2010 fiscal year. Of the total figure, almost 400m euros come as the turnover of the importer, with the gap represented by Porsche Inter Auto, the auto retail unit that controls five dealers, Porsche Bank, Porsche Leasing and Porsche Mobility. Amid the falling revenues, the Romanian unit also posted the biggest headcount reductions inside the Austrian group, by almost 16% to 865 persons. Most reductions were operated at the level of Porsche Inter Auto dealers. Most likely next year, Porsche Inter Auto will open its fifth car centre of Bucharest in the wake of investments of above 10m euro
