Bentley reports strong first quarter following best ever performance in 2022
- • British marque begins year with operating profits of €216 million - up 27 per cent on same period in 2022
• Overall revenue climbs from €813 million to €882 million
• Best-ever first quarter aligns with rise in global car sales by 10 per cent to 3,517 luxury vehicles
• Bentayga models account for 42 per cent of sales
• Americas report record sales increase of 39 per cent to 1,157 cars
• Asia Pacific and Middle East among strongest performing regions
• Return on sales climbs to 24.4 per cent thanks to personalisation, Limited Editions and Coachbuilt collectibles
• Record figures reflect Bentley's ground-breaking Beyond100 strategy
Bentley Motors today reported record first quarter financial results, and it's second best-ever quarter in history. The luxury British marque began 2023 with operating profits of €216 million, an increase of 27 per cent on the same period last year. Overall revenue rose to €882 million, up 9 per cent from €813 million.
Adrian Hallmark, Chairman and CEO of Bentley Motors, commented:
Financial result | 2023 Q1 | 2022 Q1 |
Revenue | €882 million (+9%) | €813 million |
Operating Result | €216 million (+27%) | €170 million |
Return on Sales | 24.4 per cent | 20.9 per cent |
Market | 2023 Q1 | 2022 Q1 | 2023 Q1 (% of total sales) |
Americas | 1,157 (+39%) | 832 | 33% |
Chinese mainland, Hong Kong and Macau | 666 (-12%) | 761 | 19% |
Europe | 645 (-9%) | 706 | 18% |
Asia Pacific | 410 (+11%) | 369 | 12% |
United Kingdom | 361 (-2%) | 368 | 10% |
Middle East | 278 (+66%) | 167 | 8% |
Total | 3,517 (+10%) | 3,203 | 100% |
posted on conceptcarz.com
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