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Bentley Announces Best-ever First Quarter
British marque Bentley Motors Limited announces best-ever first quarter.
Bentley Motors’ operating profits were up 162 per cent to €170 million.
Figures mirrors the company’s second highest full-year profit figure ever.
Revenue per car soars from €184,000 in 2021 to €212,000 – return on sales reaches 21 per cent.
Continental GT sales increased ten per cent, with strong performance in the Asia Pacific region.
It follows a record financial year in 2021, when annual profit soared to €389 million.
Luxury British carmaker Bentley Motors Limited has announced a record financial results for the first quarter of 2022. Its operating profits were up 162 per cent to €170 million, mirroring the company’s second highest full-year profit figure ever.
The announcement follows a record financial year in 2021, when Bentley’s annual profit soared to €389 million, which was more than double the company’s previous best of €170 million in 2014.
Revenue and return on sales figures also reached record levels in the first three months of 2022, reaching €813 million and 21 per cent respectively.
During the first quarter of 2022, revenue per car increased from €184,000 to €212,000, with significant interest in Mulliner and Speed derivatives.
Globally, Continental GT sales increased ten per cent, with strong performance in the Asia Pacific region and in the brand’s home market of the United Kingdom in particular.
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Adrian Hallmark, Chairman and CEO of Bentley Motors, said:
“Despite a challenging global environment, we started 2022 where we left off in 2021, with another solid set of financial figures.
“This has been driven by strong revenue growth, thanks to our fresh and exciting new model portfolio, a significant increase in demand for Bentley’s personalisation programme, and strong growth in sales of our new hybridised products.
“The combined effect of this revenue together with a restructured business model has enabled us to deliver industry competitive returns on sales and investment”.
Earlier this week, Bentley Motors announced that a flagship, fifth model car will join its portfolio of luxury cars on Tuesday May 10th, 2022.
The automaker says that the new model will sit at the pinnacle of its range and deliver a breadth of capabilities. It would join the Bentayga SUV, Continental GT Coupe and Convertible and Flying Spur sedan.
