British luxury marque Bentley Motors posts operating profits of €398m, a record financial results for the first half of 2022.
Unparalleled performance in the first six months of 2022 is higher than record €389 million achieved during whole of 2021.
Encouraging results put Bentley on target for best-ever year, despite continued global economic instability.
Bentley says revenue per car climbed from €186,000 in 2021 to €213,000, while return on sales reaches 23.3 per cent.
Global sales in the first half of 2022 reach 7,398 high, up 33 per cent in Europe and 44 per cent in UK year-to-date.
The best-selling Bentayga SUV claimed 40% of total sales while the latest Flying Spur sedan accounting for 27%.
Continental GT Grand Tourer recorded 33 per cent of total sales achieved in the first six months of 2022.
British luxury marque Bentley Motors has announced an encouraging financial results for the first six months of 2022. Bentley posted operating profits of €398 million, up 124 per cent on the same period last year, and more than previous record of €389 million achieved during the whole of 2021.
The demand for personalisation helps turnover to increase from €1.324 billion during the first half of 2021 to €1.707 billion, while revenue per car climbed from €186,000 to €213,000.
Return on sales also reached a record 23.3 per cent during the first six months of 2022 (+13.4%), while year-to-date sales increased by 3 per cent to 7,398 cars (up from 7,199) during the same period in 2021.
Bentley’s first-ever SUV, the Bentayga, is the brand’s best-selling model, which claimed 40 per cent of total sales. The latest Flying Spur sedan accounted for 27 per cent, while the Continental GT Grand Tourer recorded 33 per cent.
The Americas remained the company’s strongest market, while Bentley sales were up 33 per cent in Europe and 44 per cent in the United Kingdom year-to-date, thanks to the introduction of the Continental GT Speed.
Adrian Hallmark, Chairman and CEO of Bentley Motors, commented:
“Despite the continued global economic instability, it is promising to see Bentley is showing financial consistency as we reinvent the company in line with our Beyond100 strategy and form a basis to withstand further external shocks.
“In particular, a significant increase in demand and capitalisation of our Mulliner personalisation programme has driven record return on sales, and continued global interest in the freshest model line in the luxury sector has resulted in record high revenues.
“I would like to thank our hard-working colleagues for their continued efforts, as Bentley continues its ground-breaking transformation towards an electrified future, financial independence and to be the leader in sustainable luxury mobility.”