Bentley Motors recently shared its financial results for the first half of 2024, showcasing an operating profit of $283 million. Although this is a drop from the $423 million reported in the same period of 2023, it reflects the strength and stability of the luxury British brand during tough market conditions. The overall revenue for the period was $1.51 billion, down from $1.82 billion last year. Despite these figures, Bentley’s return on sales remained strong at 18.8% compared to 23.2% in the previous year. Jan-Henrik Lafrentz, Member of the Board for Finance and IT, highlighted the company’s dedication to its strategic initiatives and investments, including the shift towards a fully electric product portfolio.
The first half of 2024 proved challenging, but Bentley remains optimistic about its future. The recently launched Continental GT Speed is expected to boost the company’s order numbers significantly later this year and into 2025 as it enters global markets. Bentley’s half-year deliveries totaled 5,476 cars, with the Bentayga SUV, including the Bentayga EWB models, accounting for 41% of total sales. The Continental GT and GTC followed with 34%, and the Flying Spur made up the remaining 25%. Although global sales were 23% lower than in the same period in 2023, the Americas remained Bentley’s strongest market, with China and Europe following.
As Bentley navigates the complexities of the current market, its focus on innovation and strategic planning remains steadfast. Despite the decline in sales and revenue, Bentley’s commitment to delivering luxury and performance continues to drive its success and future growth. View all Bentleys for sale on duPont REGISTRY by clicking the link below.
Source: Bentley Motors
