Bentley first-half profit more than doubles, boosted by customised cars

A Bentley automotive is seen on the Emirates Driving Institute which affords college students to learn to drive on luxurious vehicles, in Dubai, United Arab Emirates, June 11, 2021. Image taken June 11, 2021. REUTERS/Abdel hadi Ramahi/File Photograph

LONDON, July 29 (Reuters) – Luxurious British carmaker Bentley’s first-half working revenue greater than doubled, boosted by elevated customisation of vehicles as gross sales rose considerably in Europe and Britain regardless of ongoing international financial uncertainty.

The unit of German carmaker Volkswagen (VOWG_p.DE) on Friday posted an working revenue for the primary six months of 2022 of 398 million euros ($403 million), greater than the 178 million euros in the identical interval of final 12 months and in addition its full-year 2021 revenue of 389 million euros.

“Regardless of the continued international financial instability, it’s promising to see Bentley is displaying monetary consistency as we reinvent the corporate,” chief government Adrian Hallmark stated in an announcement.

World gross sales rose nearly 3% to 7,398 vehicles, up from 7,199 within the first half of 2021, whereas income per automotive jumped nearly 15% to 213,000 euros from 186,000 as high-net value clients took benefit of a customisation program.

That pushed half-year income on the luxurious carmaker up 29% to 1.707 billion euros from 1.324 billion in the identical interval final 12 months.

The corporate stated gross sales had been up 33% in Europe and 44% in the UK. Bentley didn’t present numbers for its strongest market, the US, however stated China had been impacted by the prolonged lockdowns as a result of coronavirus pandemic.

($1 = 0.9883 euros)

Reporting By Nick Carey; Enhancing by Kirsten Donovan

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