Bentley reports record results
- Posted by: Alan Feldberg
- Category: News
Bentley Motors has followed record results in 2022 with its second-best quarterly results at the start of 2023.
It recorded operating profits of €216m, an increase of 27% on the same period last year. Overall revenue rose to €882m, up nine per cent from €813m.
Return on sales in the first quarter climbed from 20.9% in 2022 to 24.4%, while first quarter figures also reflect strong performance in global sales, which increased by 10%
Adrian Hallmark, chairman and CEO of Bentley Motors, said: “Despite a challenging global environment, we started 2023 where we left off in 2022, with another solid set of financial figures, driving growth in revenue, operating profit and return on sales.
“Bentley’s record performance in the Americas is also especially notable, with one in three of our luxury cars now sold in the region. The introduction of the Bentayga EWB, plus the success of the Flying Spur sedan, have been key to this growth.
“Looking ahead, although our well-balanced distribution model shows signs of encouragement that this success can be continued, we remain cautious about global challenges that remain in the markets.”