Second best quarter ever
Graeme Roberts
Bentley Motors has reported record first quarter financial results, and its second best quarter ever.
The Volkswagen owned luxury brand booked operating profits of EUR216m, a 27% year on year rise. Revenue rose 9% to EUR882m.
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Return on sales climbed from 20.9% to 24.4%. Much of this was due to continued strong interest in model customisation, higher specification derivatives and higher option uptake.
Unit sales rose 10% to 3,517 cars. The Americas saw a 39% rise to 1,157 units while Asia Pacific volume rose 11% and Middle East 66%.
Adrian Hallmark, chairman and CEO, said: “Looking ahead, although our well-balanced distribution model shows signs of encouragement that this success can be continued, we remain cautious about global challenges that remain in the markets.”
Keyword: Bentley books record first quarter