Reuters: Bentley’s first-half operating profit more than doubled as sales surged in Europe and Britain amid global economic concerns.
On Friday, Volkswagen (ETR: VOWG p) reported a first-half operational profit of 398 million euros ($403 million), up from 178 million euros in 2021 and 389 million euros in 2021.
“Despite global economic turbulence, it’s great to see Bentley displaying financial steadiness,” CEO Adrian Hallmark remarked.
Global sales grew almost 3% to 7,398 cars, up from 7,199 in the first half of 2021. Revenue per car jumped almost 15% to 213,000 euros from 186,000 as high-net-worth buyers took advantage of a customization programme.
The luxury carmaker’s half-year revenue rose 29% to 1.707 billion euros from 1.324 billion last year.
In Europe and the UK, sales rose by 33% and 44%, respectively. Bentley did not offer data for its strongest market, the U.S., but said the coronavirus pandemic had affected China.
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