Bentley Announces Strong Half-Year Financials

Bentley Motors today announced encouraging financial results for the first six months of 2023, while cautioning of more difficult trading times ahead.

July 31, 2023
Bentley Motors posted operating profits of €390 million, slightly down from the same period last year, with a two per cent drop from €398 million, which does, however, effectively show that the automaker is still going strong . Revenue decreased slightly in 2023, posting €1.681 billion with significant interest in Mulliner personalisation, derivatives and optional uptake continuing.
Commenting on the results, Adrian Hallmark, Chairman and CEO of Bentley Motors, said:
‘The positive results for the first six months are largely a reflection of a consistent order bank amassed over the previous months and years and, although our current order run rate is good, it is slightly down on the highs we reached in some of our key markets last year.
‘We expect challenging conditions in the second half of the year and so will monitor our supply and stock levels accordingly to ensure our quality of sales is maintained, and adjusted, if we so need as the year continues.’
From the half-year deliveries of 7,096 cars, the best-selling Bentayga luxury SUV claimed 44 per cent of total sales, with the latest Flying Spur sedan accounting for 24 per cent, and the Continental GT and GTC Grand Tourers recording 32 per cent. Global sales were down four per cent on the same period in 2022, with the Americas remaining the company’s strongest market, followed by China and Europe.
Despite warnings of challenging conditions ahead, Bentley’s commitment to the marque’s industry-leading Beyond100 strategy continues - this as part of a €3 billion, ten-year investment programme in future models and at the Pyms Lane factory in Crewe, England, where all Bentley models are built.