Record profit and turnover for Bentley - leatherbiz: Leading news site Leatherbiz

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Record profit and turnover for Bentley

24/03/2014
Record profit and turnover for Bentley
Bentley Motors’ profit rose 10% to £139.7 million in 2013, its strongest performance, while sales grew by 15.5% to £1.4 billion.

Exports contributed to 88% of total turnover, with an export value of £1.23 billion. This has continued into 2014, with global deliveries growing by 13% to 1,408 cars by the end of February.

CEO Wolfgang Schreiber said: “The luxury car market is not static. Just two weeks ago we introduced the new Continental GT Speed and the new V8 Flying Spur. In 2016 we will offer the first SUV in the luxury sector and one year later we will bring plug-in-hybrid technology into the luxury market. 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.”

Bentley delivered 10,120 cars in 2013, an increase of 19% over 2012.

The US remains its largest market, with a share of 31% of global deliveries, followed by China with 22%, with Europe accounting for 15%. The UK also performed extremely well, taking 14% of global deliveries, while the Middle East took 12%.

At the end of 2013, Bentley had 193 dealerships, and expects to increase this to 220 by the end of 2014.

Related stories:

Bentley’s half-year results suggest another record 10/07/2014
Bentley debuts its home collection 29/01/2014
Leaders in luxury cars: Bentley and Rolls-Royce both claim the title 10/01/2014
Increases in sales for most VW brands 05/11/2013
Success in key markets secures growth for Bentley 10/10/2013

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