Bentley Motors today announces its financial results for the year ending 31 December 2012, reporting a significantly increased operating profit of Euros 100.5m compared to Euros 8m in 2011.
Bentley boosted its total turnover by 29.9% to Euros 1.453 billion and its profit margin increased to 7%. Demonstrating the global reach of Bentley’s business, exports accounted for 87.3% of Bentley’s total turnover, equating to a total export value of Euros 1.269 billion. The company’s market share in the luxury segment rose by 4.9 percentage points to 20.1%.
Bentley also made a strong start to the New Year. Deliveries to customers grew by 39.5% in the first two months of 2013. “With the new Flying Spur due to arrive with customers in the middle of the year, we expect to see a double digit growth rate for the rest of 2013,” Dr Wolfgang Schreiber, Bentley’s Chairman and CEO, said.
The global growth and expansion of the Bentley brand was driven by 16 new global dealers in 2012, taking the total number to 173 dealerships in 50 countries. This year, 40 more new Bentley showrooms will open around the world.
These sales were driven by the introduction of a host of new models such as the Continental GT and GTC V8. The Continental family accounted for 62% of total sales, the Flying Spur contributed 25% and the Mulsanne 13%.
Source: Bentley
