Record profitability for Bentley

Posted on 13 Mar 2008 by The Manufacturer

Bentley Motors has announced its financial results for 2007, which show an impressive growth in volume, turnover and profit.

During the year, the company’s net revenue increased by 2.7 per cent when compared to 2006, setting a new record of 1.37 billion euros. Meanwhile, operating profit surged upwards by 13.1 per cent, achieving a new record of 155 million euros.

Global sales, across almost all major markets, rose by 7 per cent during the year, totalling 10,014 units.

“2007 was a milestone in the history of Bentley as we passed the 10,000 units for the first time. Five years ago we were selling only 1000 units but the development of a strong product line has seen the company attract new customers in greater numbers. 2007 saw strong growth both in mature markets, such as Germany, the UK and the US, as well as in emerging markets, such as China and Russia,” said Bentley Chairman and CEO, Dr Franz-Jozef Paefgen.

“We expect to maintain this momentum despite the financial instability that has been affecting the world economy,” he added.