Please remove duplicate log ins As part of an upgrade to PistonHeads, we need you to go to the Classifieds Preferences page and choose your unique login by 31st of October

Do it now I'll do it later...
Friday 14th March 2008


BENTLEY REPORTS RECORD PROFIT

Sales are at an all time high too


Bentley has announced record profits for 2007 under the guidance of Volkswagen Group.

Net revenue was raised by €36 million or 2.7% when compared with 2006 giving a record breaking total of €1.37 billion. Operating profit increased too with a growth of 13.1%, or €18 million, giving a new record profit of €155 million.

It wasn't only profits that were breaking records, sales were too. In 2007 Bentley sold 10,014 units, breaking the 10,000 mark for the first time in its history and showing a global sales increase of 7%. The UK market alone recorded sales increases of 7% with Europe growing by the same amount. North America saw a 4% growth and and incredible 93% growth was recorded in China.

Commenting on these financial results, Bentley Chairman and CEO, Dr Franz-Jozef 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.”

 

Author: Garlick
Want more PH news like this daily - then signup for the PH newsletter here!