Bentley has just recorded its second best quarterly financial results to date, driven by strong demand for customisations and an upshift in car production as supply shortages began to ease.
Between January and April, the British luxury marque made £189 million in pre-tax profits, an increase of 27% on the same period last year (£149m). Overall revenue rose 9% to £772m.
Much of this was due to a rise in global car sales, up 10% to 3517 – led by a 39% rise in the Americas (1557) – and the continued demand for the Bentley Bentayga, which accounted for 42% of overall sales (1477).
Bentley says these strong figures will allow the firm to reinvest in its Beyond100 sustainable-future strategy. This includes a £2.6 billion investment to electrify its Crewe factory, as well as launching five new BEV models in just five years, starting in 2026.
The five-strong post-2026-model Bentleys will consist of the cars we know now – Flying Spur, Bentayga, Continental GT and GTC – plus another model.
Boss Adrian Hallmark previously told Autocar that these future EVs will have "between 50% and 100% more power” than the current W12 models.
“Strong interest” in model customisation, buyers opting for higher-specification Speed and Mulliner models and the fitting of higher-cost options were other key aspects noted for the record rise, as well as the sales of unique Mulliner Coachbuilt and Limited Edition models.
“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,” said Hallmark.
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