Bentley records record profits
- 29 July 2022
- Posted by: Alan Feldberg
- Category: News
Bentley has reported strong financial results for the first half of 2022, with operating profits of €398m.
This is a 124% increase on the same period last year, while the half-yearly figures compare favourably to €389m for the whole of 2021.
Turnover increased from €1.324bn during the first half of 2021 to €1.707bn, while return on sales also reached a record 23.3% during the first six months of 2022.
Adrian Hallmark, chairman and CEO of Bentley Motors, said: “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.”
Jan-Henrik Lafrentz, member of the board for finance & IT, said: “Bentley has continued to focus its efforts on building sustainable, long-term profitability. These results reflect a strong base pricing position, increased revenue through optionality and favourable foreign exchange rates. In parallel, we continue to maintain our lower cost base which is leading to a restructured business model that is delivering strong returns on our investment and sales.”