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Europe and UK growth helps Bentley’s sales surge despite Middle East and China decline

Written by on 08/05/2022



Bentley has reported record results for the first three months of 2022 as its revenue surged by 41% to €813m.

The Crewe-headquartered luxury car maker’s operating result also jumped by 162% to €170m during the same period.

It also confirmed the company’s return on sales increased from 11.2% to 21%.

READ MORE: Bentley hails record year despite ‘backdrop of economic uncertainty’

The biggest sales increase was in Europe (38%) with growth also reported in the UK (30%) and Asia Pacific (19%).

However, sales declined in the Americas (-9%), Chinese mainland, Hong Kong and Macau (-29%), and in the Middle East (-38%).

Chairman and CEO Adrian Hallmark said: “Despite a challenging global environment, we started 2022 where we left off in 2021, with another solid set of financial figures.

“This has been driven by strong revenue growth, thanks to our fresh and exciting new model portfolio, a significant increase in demand for Bentley’s personalisation programme, and strong growth in sales of our new hybridised products.

“The combined effect of this revenue together with a restructured business model has enabled us to deliver industry competitive returns on sales and investment.

“These results demonstrate the intrinsic strength of our brand and confirm the ongoing success of our industry-leading Beyond100 strategy.

“They also suggest even more promise for the transformational years ahead.”

Jan-Henrik Lafrentz, member of the board for finance and IT, added: “Although the continued global economic uncertainties have slightly impacted our sales performance in the first quarter, the growth in revenue, profit, and maintained lower cost base is a clear indication that we are building a resilient business.

“This is a stable platform to help withstand external challenges and forms a basis to achieve our Beyond100 ambitions and lead sustainable luxury mobility in the future.”



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