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Bentley Posts Record Profit Of $427.1m For 2021, To Roll Out One Electric Car Every Year From 2025
Bentley posts record profit of $427.1m for 2021, which was $404.6 million more than in 2020.
Earlier in the year, Bentley announced it delivered 14,659 extraordinary cars in 2021 ( a 31 per cent increase).
The Luxury marque plans to roll out one Electric Car annually for five years from 2025.
Luxury car marque Bentley on Tuesday posted a profit of 389 million euros ($427.1 million) for 2021, which was €369 million ($404.6 million) more than its 20 million euros profit in 2020. The record profit complemented the company’s record sales performance of 14,659 luxury cars during the same 12-month period.
Turnover last year reached €2.845 billion, while an increased level of personalisation and a model mix dominated by Speed, Mulliner and Hybrid models resulted in the average revenue per luxury car rising by eight per cent over 2020. This contributed to an impressive return on sales of 13.7 per cent.
Earlier in the year, Bentley announced it delivered 14,659 extraordinary cars in 2021, a 31 per cent increase on the previous record year of 2020. Furthermore, there was a steady increase of customer interest in new models resulting in an order bank at record levels at the start of 2022.
The figures are also a vindication of customer appreciation of the freshest model line-up in the luxury segment and of Bentley’s ground-breaking Beyond100 strategy, to be end-to-end carbon neutral by 2030.
The initiative has been underpinned by a ten-year investment programme at the Crewe factory, a €3 billion sum representing the biggest transformation and investment programme in Bentley’s history.
Bentley plans to build one new electric model each year for five years from 2025 onwards, as the entire model range undergoes electrification.
Commenting on the figures, Adrian Hallmark, Chairman and CEO of Bentley Motors, said:
“These results were achieved against a continued backdrop of economic uncertainty. They represent a major achievement for everybody involved at Bentley Motors, as we push forward with our Beyond100 programme to reinvent our entire product range in the build-up to carbon neutrality by 2030.”
Jan-Henrik Lafrentz, Member of the Board for Finance and IT, Bentley Motors, added:
“Brand strength has been key to Bentley’s financial performance in 2021, with new models such as Bentayga Hybrid helping to drive profit to a record €389 million. Increasing demand for our hybridised models, supported by €3 billion of sustainable investment in our Crewe factory, will ensure we remain the benchmark manufacturer in sustainable luxury mobility.”
