Bentley announces significant profit growth
Bentley Motors has announced that operating profits rose to €389 in 2021, up by €369m on 2020. The news follows its record sales year during same 12-month period.
Turnover reached €2.845bn, while an increased level of personalisation and a broader model mix resulted in the average revenue per luxury car rising by eight per cent over 2020.
This contributed to a return on sales of 13.7%.
Bentley had already announced that it had delivered 14,659 extraordinary cars in 2021, a 31% increase on the previous record year of 2020. Furthermore, there was a steady increase of customer interest in new models resulting in an order bank at record levels at the start of 2022.
Adrian Hallmark, chairman and CEO of Bentley Motors, said: “These results were achieved against a continued backdrop of economic uncertainty. They represent a major achievement for everybody involved at Bentley Motors, as we push forward with our Beyond100 programme to reinvent our entire product range in the build-up to carbon neutrality by 2030.”
Jan-Henrik Lafrentz, member of the board for Finance and IT, Bentley Motors, added:
“Brand strength has been key to Bentley’s financial performance in 2021, with new models such as Bentayga Hybrid helping to drive profit to a record €389 million. Increasing demand for our hybridised models, supported by €3 billion of sustainable investment in our Crewe factory, will ensure we remain the benchmark manufacturer in sustainable luxury mobility.”
