Bentley Q1 earnings soar regardless of automobiles misplaced at sea, China delays

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Hallmark mentioned absent any additional provide chain points, the corporate might produce round 15,000 automobiles this yr, in contrast with the 14,659 it offered final yr.

First-quarter car gross sales fell 5 p.c to three,203 from 3,358 a yr earlier, with gross sales down 9 p.c within the Americas and 29 p.c in China.

However the common income per car rose 15 p.c to 212,000 euros ($223,257) from 184,000 euros a yr earlier, as prospects opted for extra personalised choices. Hallmark mentioned prospects have embraced the power to personalize seat leathers, stitching, seating configurations and a myriad of different choices.

“Sellers are doing restricted editions, particular packages for particular person prospects, and it is simply getting increasingly more well-liked,” he mentioned.

Bentley’s revenues rose 41 p.c to 813 million euros versus 578 million a yr earlier, and the carmaker’s working revenue rose to 170 million euros from 65 million euros.

Income have been additionally partly lifted by a restructuring program that started in 2018.

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