Bentley Announces Record Financial Results For First Half Of 2022

Luxury British marque posts six-monthly operating profits of €398 million.

Bentley Motors recently announced encouraging financial results for the first six months of 2022, despite continued global economic uncertainty. While the outlook for the second half of the year remains challenging, the luxury British marque posted operating profits of €398 million, up 124 per cent from the same period last year. The half-yearly figures compare favourably to €389 million for the whole of 2021, the company’s previous record year.

Bentley Announces Record Financial Results For First Half Of 2022

Turnover increased from €1.324 billion during the first half of 2021 to €1.707 billion, while revenue per car climbed from €186,000 to €213,000, largely due to increased levels of personalisation. No luxury brand now sells more cars over €200,000 or €250,000 than Bentley. Return on sales also reached a record 23.3 per cent during the first six months of 2022, up from 13.4 per cent the previous year.

Bentley Announces Record Financial Results For First Half Of 2022

The best-selling Bentayga luxury SUV claimed 40 per cent of total sales, with the latest Flying Spur sedan accounting for 27 per cent, and the Continental GT Grand Tourer recording 33 per cent. 

Bentley sales were up 33 per cent in Europe and 44 per cent in the United Kingdom year-to-date, helped by the introduction of the Continental GT Speed. The Americas remained the company’s strongest market, while China was impacted by extended Covid-19 lockdowns. Globally, year-to-date sales increased 3 per cent to 7,398 extraordinary cars, up from 7,199 during the same period in 2021.

Bentley Announces Record Financial Results For First Half Of 2022

The latest figures support Bentley’s forward-looking Beyond100 strategy, as the British brand reinvents its entire product range to embrace an electrified future, achieving carbon neutrality by 2030. This includes a €3 billion ten-year investment programme in future products and at the Pyms Lane factory in Crewe, where all Bentley models are built. 

Adrian Hallmark, Chairman and CEO of Bentley Motors, commented:

“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.       

“I would like to thank our hard-working colleagues for their continued efforts, as Bentley continues its ground-breaking transformation towards an electrified future, financial independence and to be the leader in sustainable luxury mobility.” 

Bentley Announces Record Financial Results For First Half Of 2022

Jan-Henrik Lafrentz, Member of the Board for Finance & IT, at Bentley Motors, added:

“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.”

Half-Year Financial Figures
 

Financial Result2022 HY2021 HY
Revenue€1.707 billion (+29%)€1.324 billion
Operating Result€398 million (+124%) €178 million
Return on Sales23.3 per cent13.4 per cent


Half-Year Sales Figures
 

Market2022 HY2021 HY2022 HY (% of total sales)
Americas2,068 (+1%)2,04928%
Chinese Mainland, Hong Kong, and Macau1,621 (-25%)2,15522%
Europe1,524 (+33%)1,14221%
Asia Pacific916 (+18%)77812%
United Kingdom795 (+44%)55411%
Middle East474 (-9%)5216%
Total7,398 (+3%)7,199100%
Bentley

editor

Bentley Motors is considered as one of the most sought after luxury car brand in the world. The company’s headquarters in Crewe is home to all of its operations including design, R&D, engineering and production of the company’s four model lines, Bentayga, Continental, Flying Spur and Mulsanne. The combination of fine craftsmanship, using skills that have been handed down through generations, alongside engineering expertise and cutting-edge technology is unique to UK luxury car brands such as Bentley. It is also an example of high-value British manufacturing at its best. Bentley employs around 4,000 people at Crewe.

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