Bentley follows record sales year with best-ever first quarter

The announcement follows a record monetary year in 2021, when annual revenue soared to €389 million – greater than double the corporate’s earlier better of €170 million in 2014. Revenue and return on sales figures additionally reached record ranges within the first three months of 2022, reaching €813 million and 21 per cent respectively. And regardless of sales efficiency barely lowering due to international occasions, there was a gradual enhance of buyer curiosity in new fashions leading to an order financial institution at record ranges.

The newest figures additionally help Bentley’s forward-looking Beyond100 technique, which can see the model reinvent its whole product vary to attain carbon neutrality by 2030. This bold initiative has been supported by a ten-year funding programme on the firm’s Pyms Lane manufacturing unit – the €3 billion sum represents the largest transformation programme in Bentley’s historical past.

During the first quarter of 2022, income per automobile elevated from €184,000 to €212,000, with vital curiosity in Mulliner and Speed derivatives, notably in Europe the place whole sales rose by 38 per cent. Globally, Continental GT sales elevated ten per cent, with sturdy efficiency within the Asia Pacific area and within the model’s dwelling market of the United Kingdom particularly.

Adrian Hallmark, Chairman and CEO of Bentley Motors, stated: “Despite a challenging global environment, we started 2022 where we left off in 2021, with another solid set of financial figures. This has been driven by strong revenue growth, thanks to our fresh and exciting new model portfolio, a significant increase in demand for Bentley’s personalisation programme, and strong growth in sales of our new hybridised products. The combined effect of this revenue together with a restructured business model has enabled us to deliver industry competitive returns on sales and investment.

“These results demonstrate the intrinsic strength of our brand and confirm the ongoing success of our industry-leading Beyond100 strategy. They also suggest even more promise for the transformational years ahead.”

Jan-Henrik Lafrentz, Member of the Board for Finance & IT, at Bentley Motors, added: “Although the continued global economic uncertainties have slightly impacted our sales performance in the first quarter, the growth in revenue, profit, and maintained lower cost base is a clear indication that we are building a resilient business. This is a stable platform to help withstand external challenges and forms a basis to achieve our Beyond100 ambitions and lead sustainable luxury mobility in the future.”

Q1 monetary figures

Q1 sales figures