- Operating profit increased to record £139.7 (€167.7) million
- Strong result from Bentley’s record sales year
- Profit margin reaches 10%
- Strong growth expectation for 2014
(Crewe/London, England. 19 March 2014) Bentley Motors today posted a significant growth in profit and turnover, its strongest ever performance, as the company outlined its financial results for the year ending 31 December 2013.
Operating profit improved to a record £139.7 (€167.7) million, up 66.9% on the 2012 figure of £83.7 (€100.5) million. Turnover grew by 15.5% to £1.40 (€1.68) billion, the highest in Bentley’s history. Profit margin increased from 7% to 10%.
Bentley’s continued success across the globe gathered pace, with exports contributing to 88% of total turnover, with a total export value of £1.23 (€1.48) billion.
This success has continued into 2014, with global deliveries to customers growing by 13% to 1,408 cars by the end of February.
Dr Wolfgang Schreiber, Chairman and Chief Executive of Bentley Motors, said: “Customers all over the world continue to be very enthusiastic about Bentley. The luxury car market is not static. We will continue to make sure that Bentley will meet the changing needs of our discerning customers. Just two weeks ago we introduced the new Continental GT Speed and the new V8 Flying Spur. In 2016 we will offer the first SUV in the luxury sector and one year later we will bring plug-in-hybrid technology into the luxury market. We are on the back of a record year and given the start we have made to 2014, we are confident that Bentley will have another good year, with strong growth.”
Bentley delivered more cars than ever before in 2013, 10,120 cars, a global growth of 19% over the 2012 figure of 8,510 cars.
The US remains Bentley’s largest market, with a share of 31% of global deliveries, followed by China with 22%, with Europe accounting for 15%.
Bentley’s home market, the UK, also performed extremely well, taking 14% of global deliveries, while the increasingly important Middle East region delivered 12% of the 10,120 cars.
To the end of 2013, Bentley had 193 dealerships, up by 20 over 2012, in 54 territories, and expects to increase this to 220 by the end of 2014.
FIRST GLIMPSE OF BENTLEY SUV
(Crewe/London, 19 March 2014) Bentley Motors today releases the first picture of the Bentley SUV, due to hit roads in 2016.
It will be the most luxurious and powerful SUV on the market, setting it apart from any other SUV, true to the brand hallmarks of luxury, performance, quality and craftsmanship.
Dr Wolfgang Schreiber, Chairman and Chief Executive at Bentley Motors, commenting at a press conference in London, said: “It will create a completely new segment in the SUV market.”
The SUV forms part of Bentley’s £800 million investment in new model and facilities development in the next three years. The company anticipates a minimum annual sales volume of 3000 SUVs.
ADVANCED TECHNOLOGY MADE IN BRITAIN
- Bentley to become centre of excellence for W12 engines
- Bentley to export engines for the first time in its history
- 100 jobs across the business to be created
(Crewe/London, 19 March 2014) Bentley has firmly reinforced its position as the world’s largest producer of 12 cylinder engines after announcing its Crewe headquarters will become the centre of excellence for the Volkswagen Group for all W12 engine production from the end of 2014 onwards. With this decision, Bentley will export engines for the first time in its history, creating around 100 jobs across the business.
Dr. Wolfgang Schreiber, Chairman and Chief Executive of Bentley Motors, said: “This is an important step, not just for Bentley but also for the UK manufacturing sector. This W12 centre of excellence is recognition of the long standing engine manufacturing expertise we have that has resulted in performance improvements across the model ranges over recent years. The production of this advanced engine and its future generations will bring new technologies and skills to Crewe.”
Business Secretary Vince Cable said: “Our world beating car industry employs 142,000 people in the UK and is worth £11.2 billion to our economy.
“With more than four out of every five cars made in the UK exported to the rest of the world, the news that Bentley will now export engines as well is another feather in their cap. The Government’s Industrial Strategy is supporting world-class companies like Bentley to create highly skilled long term jobs and promote exports.”
The W12 engine is an advanced 12 cylinder high performance engine in a unique ‘W’ configuration. The engine offers high levels of power and torque. Bentley expects to produce up to 9,000 engines per year at peak times.
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