	porsche expects improvement in u s sales sports carmaker dr ing h c f porsche ag pshg f said it expects to post a satisfactory profit in with domestic volume sales seen lower but u s sales anticipated higher managing board chairman peter schutz said domestic sales were expected to fall to in the year ending july from in u s sales should rise to more than from last year schutz made no specific profit or sales forecasts last month the company said it expected net profit to fall below mln marks this year from mln marks in for sales porsche expects its overall world volume this year to be above sales last year stood at schutz said his expectations of a satisfactory profit were based on a combination of price rises and cost cutting he added the expected drop in west german sales this year would be the result of the so called grey market for porsche cars he said when the dollar was strong against the mark many porsches had been bought locally in west germany for illegal export to the u s porsche has previously said domestic sales in the first half fell to from in the same period the fact that u s sales will account for a larger percentage of overall sales this year than before does not pose problems for profit the porsche board said in the last months it has raised u s prices by around pct without suffering any decline in sales at the same time porsche has hedged its dollar denominated business for the business year finance director heinz branitzki branitzki put porsche s hedging costs in at mln marks in a speech to the annual meeting schutz said third party orders placed with porsche s engineering research centre in weissach were rising and should top mln marks this year for the first time porsche s net profit dropped sharply to mln marks in from mln marks in reuter 
