Bentley Motors today reported promising H1 2023 financial results, although warning of tougher trading periods to follow. The prestigious British carmaker recorded $428 million in operating profits, a minor 2% decline from 2022's $437 million. Revenue in H1 2023 slightly dipped to $1.848 billion from $1.877 billion in the previous year. Bentley's personalized Mulliner services, derivatives, and optional uptake still command considerable interest. Adrian Hallmark, Chairman and CEO, underlined that the solid results reflect a consistent order bank. However, Hallmark acknowledges a slight dip in the order run rate from key markets.
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With challenging conditions expected in H2 2023, Bentley will vigilantly manage its supply and stock levels to ensure quality sales. Bentley's half-year deliveries reached 7,096 cars, with the Bentayga SUV leading sales, accounting for 44% of total sales, followed by the Flying Spur sedan, the Continental GT, and GTC Grand Tourers. While global sales slightly fell by 4% compared to 2022, the Americas, China, and Europe remain Bentley's top markets.
Despite potential challenges, Bentley stays committed to its Beyond100 strategy. This 10-year, $3.3 billion initiative entails a transformation to fully electric vehicles and a carbon-neutral organization, reaffirming Bentley’s commitment to the future of luxury motoring. View all Bentley models currently for sale on duPont REGISTRY by clicking the link below.
Sources: Bentley Motors
