Bentley earns €1.707-B in H1

In spite of the global challenges experienced by the automotive industry this year, Bentley reveals that it has achieved encouraging financial results for the first six months of 2022. While the outlook for the second half of the year remains challenging, the luxury British marque reportedly earned €1.707 billion — with operating profits of €398 million — from January to June.

“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 capitalization of our Mulliner personalization program 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,” said Bentley Motors Chairman and CEO Adrian Hallmark.

“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,” added the Bentley boss.

Revenue per car, per Bentley, climbed from €186,000 to €213,000, largely due to increased levels of personalization. Return on sales also reached a record 23.3 percent during the first six months of 2022, up from 13.4 percent the previous year.

Model-wise, the best-selling vehicle in Bentley’s roster is the Bentayga luxury SUV, which claimed 40 percent of total sales. It is followed by the latest version of the Flying Spur sedan and the Continental GT Grand Tourer. The two accounted for 27 percent and 33 percent of the brand’s sales respectively.

In terms of regional sales, Bentley’s strongest market is still the US region followed by China and Europe.

“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 favorable 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,” commented Bentley Member of the Board for Finance and IT Jan-Henrik Lafrentz.

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