Bentley Announces Financial Results For First Half Of 2024, Bentayga Remains Bestseller

Bentley Motors posts six-monthly operating profits of €261 million and an overall revenue of €1.388 billion.

Between January and June 2024, Bentley sold 5,476 cars – with Bentayga remaining Bentley’s best-selling model.

Americas remains Bentley’s strongest market, followed by ‘Chinese mainland, Hong Kong and Macau’, and Europe.

Bentley Motors has announced a total deliveries of 5,476 cars between January and June 2024, which is 23 per cent lower compared to the global sales of 7,096 vehicles from the same period in 2023.

The luxury British brand also posted an operating profit of €261 million, which is 33 percent lower compared to the €390 million from the same period in 2023.

Overall revenue for this six-month period was €1.388 billion (-17%) while return on sales reached 18.8 per cent, against the €1.681 billion and 23.2 per cent for the same period last year.

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Commenting on these results, Jan-Henrik Lafrentz, Member of the Board for Finance and IT, said:

“Despite a challenging first half of 2024, our half-year results provide a platform to remain focused on delivering our key strategic initiatives and investment plans, including the transformation of our product portfolio to fully-electric in the years to come.

“We do remain cautious and anticipate continued difficult trading conditions in some key markets, however we are seeing a great deal of optimism for the recently launched Continental GT Speed and expect this to have a significant, positive impact on our order bank numbers later this year and early in 2025 as the car enters global markets.”

The Bentayga SUV (including Bentayga EWB models) remained Bentley’s best-selling model, accounting for 41 per cent of total sales. Continental GT and GTC recorded 34 per cent while the Flying Spur sedan make up the remaining 25 per cent of sales.

The Americas with 1,652 (-20%) deliveries remains the company’s strongest market, followed by ‘Chinese mainland, Hong Kong and Macau’ with 1,311 (-13%) cars and Europe with 1,054 (-21%) units.

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