Bentley logs 66.9% hike in operating profit in 2013

Article by Christian A., on March 20, 2014

Bentley Motors posted a 66.9-percent surge in operating profit to £139.7 (€167.7) million in 2013 from £83.7 (€100.5) million in 2012. Bentley’s turnover also surged 15.5 percent to £1.40 (€1.68) billion, the highest in the carmaker’s history. It profit margin also rose to 10 percent. Exports accounted for 88 percent of total turnover for a total export value of £1.23 (€1.48) billion.

Bentley delivered 19-percent more cars in 2013 to 10,120 units, compared to 8,510 cars in 2012. The carmaker was able to carry that momentum this year, logging a 13-percent hike in global deliveries to 1,408 cars by the end of February. “Customers all over the world continue to be very enthusiastic about Bentley. The luxury car market is not static,” Wolfgang Schreiber, Chairman and Chief Executive of Bentley Motors, said.

“We will continue to make sure that Bentley will meet the changing needs of our discerning customers.” He remarked that just this month, Bentley introduced the new Continental GT Speed and the new V8 Flying Spur.

He remarked that the carmaker will offer the first luxury SUV in 2016 and offer plug-in-hybrid technology in 2017. “We are on the back of a record year and given the start we have made to 2014, we are confident that Bentley will have another good year, with strong growth.”

The US remains Bentley’s largest market, accounting for 31 percent of global deliveries. China accounted for 22 percent of deliveries while Europe has a 15-percent share. The United Kingdom accounted for 14 percent of global deliveries, while Middle East region got a 12-percent share sale in 2013. At end of 2013, Bentley had 193 dealerships in 54 territories. It expects to have 220 dealerships by end of 2014. [source: Bentley]

Topics: bentley, profit

If you liked the article, share on:

Pin It

Comments

Recommended

Top Gear has revealed that for its “Stars in a Reasonably Fast Car” segment, it will now be using a slightly enhanced Toyota GT86, which in the U.S. market is...
by - March 24, 2017
Porsche is laying aside any plans of pushing another hybrid hypercar into their line-up -- at least not at this time. Oliver Blume, Porsche Global Chief confirmed in a recent...
by - March 24, 2017
Since 1993, Lexus has produced 4 generations of the Lexus GS, with the GS F amongst its newest member of the family. Unfortunately, rumors are also heating up that the...
by - March 24, 2017
In a leaked image following a presentation held in China, we learned that Czech automobile manufacturer Skoda will soon unveil 2 more new SUVs in China, resulting in a four-model...
by - March 24, 2017
McLaren is said to be designing the next generation of Sports Series, which could include a V6 hybrid among its powertrain options. It was earlier reported that the British automaker...
by - March 24, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries