The year 2007 was very lucrative for Bentley. Today they announce their new operating profit record of € 155 milion ($ 241.5 m. – £ 118.6m.). These results reflect Bentley’s record sales performance last year when the company surpassed the 10,000 unit mark for the first time. Global sales increased by 7% in 2007 to reach 10,014 units. Read more in the official press-release after the jump…
Volume, turnover and operating profit all achieve new highs
Crewe, 13 March, 2008 09:00 GMT: Bentley Motors has announced its financial results for the year ending 31 December 2007, reporting record revenue and operating profit. For the calendar year, Bentley increased its net revenue by €36m or 2.7% compared with 2006, to set a new record of €1.37bn. Operating profit increased by €18m or 13.1% to a new operating profit record of €155m.
These results reflect Bentley’s record sales performance last year when the company surpassed the 10,000 unit mark for the first time. Global sales increased by 7% in 2007 to reach 10,014 units. Increases were seen in almost all major markets: +7% in the UK, +4% in North America, +7% in Europe, +18% in the Asia Pacific region, and +93% in China alone.
These excellent results were driven by growth across both the Arnage and Continental ranges. Thanks to the introduction of the Azure convertible, sales grew by 45% in the Arnage line, whilst the Continental family sales increased by around 5%, with the GTC convertible proving the most popular model.
Commenting on these financial results, Bentley Chairman and CEO, Dr Franz-Josef Paefgen, said: “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.