Bentley Shows Record Earnings in its Third Quarter Financial Results

Closing out the third quarter of the fiscal year, Bentley reported an operating profit of €575 million for the nine-month month period from January to September 2022. This figure more than doubles that of the same period last year, while representing a notable increase over earnings for the entire fiscal year 2021.

November 4, 2022
Bentley Motors today announced record operating profits for the first nine months of 2022, despite continuing challenges and uncertainty in the global economy. The profit doubled to €575 million, an increase of 109 percent when compared with the same nine-month period last year. Previously, the highest full year total was €389 million. The 23.1 per cent return on sales was the highest in Bentley’s 103-year history.
Year-to-date sales were up 3 percent to 11,316 luxury cars, while revenue increased from €1.949 billion in 2021, to €2.490 billion this year, a growth rate of 28 per cent.
By region, sales in Europe grew by 18% year-on-year, while sales in the Asia-Pacific region also expanded significantly, up 17% year-on-year. In addition, the UK, where Bentley is headquartered, grew by 25%, and the Americas, which maintains its status as Bentley's largest market, grew by 7%.
Adrian Hallmark, Chairman and CEO of Bentley Motors, analyses the factors behind the strong performance: ‘The continued growth in revenue per car supports the options and limited edition models created by Bentley’s in-house coachbuilder Mulliner and the positive customer reception to our increasing range of model derivatives.’