Bentley posts second-strongest quarter yet
08 May 2023|425 views
Bentley Motors has announced that it has recorded its second-best ever quarter in its 104-year history.
The marque started 2023 with operating profits of $315 million (€216 million), an increase of 27% on the same period last year. Overall revenue, meanwhile, rose to $1.2 billion (€882 million) up 9% on the same period last year.
The strong financial performance in the first quarter of 2023 was fuelled in part by strong demand for the Mulliner models This performance for the first quarter comes after the marque announced in March that it achieved its best ever annual financial results alongside a record car sales of 15,174 cars in 2022.
Bentley additionally states that its return on sales in the first quarter climbed from 20.9% in 2022, to 24.4%, fuelled by a strong interest in model customisation, higher specification derivatives and higher option uptake, including the sales of its unique Mulliner Coachbuilt and Limited Edition models.
Unit sales, meanwhile, grew by 10% to hit 3,517 cars in the first quarter of 2023. Sales in the Americas for the firm grew 39%, while the Asia Pacific and the Middle East grew 11% and 66% respectively.
Bentley states that this strong growth will enable it to self-fund its Beyond100 strategy as it strives to lead sustainable luxury mobility in the future. The firm will launch a total of five new battery electric models in five years, starting from 2026.
The marque started 2023 with operating profits of $315 million (€216 million), an increase of 27% on the same period last year. Overall revenue, meanwhile, rose to $1.2 billion (€882 million) up 9% on the same period last year.
Bentley additionally states that its return on sales in the first quarter climbed from 20.9% in 2022, to 24.4%, fuelled by a strong interest in model customisation, higher specification derivatives and higher option uptake, including the sales of its unique Mulliner Coachbuilt and Limited Edition models.
Unit sales, meanwhile, grew by 10% to hit 3,517 cars in the first quarter of 2023. Sales in the Americas for the firm grew 39%, while the Asia Pacific and the Middle East grew 11% and 66% respectively.
Bentley states that this strong growth will enable it to self-fund its Beyond100 strategy as it strives to lead sustainable luxury mobility in the future. The firm will launch a total of five new battery electric models in five years, starting from 2026.
Bentley Motors has announced that it has recorded its second-best ever quarter in its 104-year history.
The marque started 2023 with operating profits of $315 million (€216 million), an increase of 27% on the same period last year. Overall revenue, meanwhile, rose to $1.2 billion (€882 million) up 9% on the same period last year.
The strong financial performance in the first quarter of 2023 was fuelled in part by strong demand for the Mulliner models This performance for the first quarter comes after the marque announced in March that it achieved its best ever annual financial results alongside a record car sales of 15,174 cars in 2022.
Bentley additionally states that its return on sales in the first quarter climbed from 20.9% in 2022, to 24.4%, fuelled by a strong interest in model customisation, higher specification derivatives and higher option uptake, including the sales of its unique Mulliner Coachbuilt and Limited Edition models.
Unit sales, meanwhile, grew by 10% to hit 3,517 cars in the first quarter of 2023. Sales in the Americas for the firm grew 39%, while the Asia Pacific and the Middle East grew 11% and 66% respectively.
Bentley states that this strong growth will enable it to self-fund its Beyond100 strategy as it strives to lead sustainable luxury mobility in the future. The firm will launch a total of five new battery electric models in five years, starting from 2026.
The marque started 2023 with operating profits of $315 million (€216 million), an increase of 27% on the same period last year. Overall revenue, meanwhile, rose to $1.2 billion (€882 million) up 9% on the same period last year.
Bentley additionally states that its return on sales in the first quarter climbed from 20.9% in 2022, to 24.4%, fuelled by a strong interest in model customisation, higher specification derivatives and higher option uptake, including the sales of its unique Mulliner Coachbuilt and Limited Edition models.
Unit sales, meanwhile, grew by 10% to hit 3,517 cars in the first quarter of 2023. Sales in the Americas for the firm grew 39%, while the Asia Pacific and the Middle East grew 11% and 66% respectively.
Bentley states that this strong growth will enable it to self-fund its Beyond100 strategy as it strives to lead sustainable luxury mobility in the future. The firm will launch a total of five new battery electric models in five years, starting from 2026.
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