Volkswagen Group-owned Bentley Motors has posted a 330% rise in operating profit for the first half of 2007. The H1 07 figure was EUR85m compared with EUR26m a year ago.
Pre-tax profit was EUR80m versus EUR17m in H1 06, a 470% rise, while after-tax profit rose 475% from EUR12m to EUR57m. First-half operating profit was EUR85m, up 330% on last year’s EUR 26m.
Global sales for the first half of 2007 rose 18.8% to over 5,600 deliveries. Turnover rose 24% to EUR739m while March sales set a monthly record with over 1,200 deliveries.
“We have seen 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 Franz-Josef Paefgen.
“This augurs well for a good full year, and the recent launch of two new convertibles… will continue to contribute to our ongoing success.”
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By GlobalData