Bentley logs 66.9% hike in operating profit in 2013

Article by Andrew Christian, 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

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