Luxury British marque Bentley announces strong half-year financials

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The world’s most sought-after luxury car brand, Bentley Motors has announced encouraging financial results for the first six months of 2023 posting six-monthly operating profits of €390 million.

This is the second highest performance for the luxury British marque on record following an unparalleled 2022.

From the half-year deliveries of 7,096 cars, Bentley’s 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. 

Revenue decreased slightly in 2023, posting €1.681 billion against a 2022 figure of €1.707 billion, with significant interest in Mulliner personalisation, derivatives and optional uptake continuing. Return on sales remained as 23.2 per cent for the first six months of 2023. 

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.”

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 includes a transformation from a W12 and V8-centred product portfolio to fully electric within a decade, and in parallel a fully carbon neutral organisation. 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.

Bentley Motors is the most sought-after luxury car brand in the world. The company’s headquarters in Crewe is home to all of its operations including design, R&D, engineering and production of the company’s five model lines, Continental GT, Continental GT Convertible, Flying Spur, Bentayga and Bentayga EWB.

The combination of fine craftsmanship, using skills that have been handed down through generations, alongside engineering expertise and cutting-edge technology is unique to UK luxury car brands such as Bentley. It is also an example of high-value British manufacturing at its best.

Bentley employs around 4,000 people at Crewe.

Half-year financial figures

Half-year sales figures

Photo credit: Bentley Motors