Total revenue was up by 9% to €882 million in the quarter, while operating profit rose by 27% to €216 million.
Return on sales in the first quarter of the year jumped from 20.9% in 2022 to 24.4%, which Bentley attributed to continued strong interest in model customisation, higher specification derivatives and higher option uptake.
Global sales were up by 10% in the period for a total of 3,517 units with the Americas achieving growth of 39% year-on-year for a total of 1,157 vehicles. Meanwhile, the Asia Pacific region was up by 11% and the Middle East rose by 66%.
Bentley highlighted that these results allow it to invest further in its Beyond100 strategy for sustainable luxury mobility including a €3 billion investment in its Crewe factory, as well as launching five new battery electric vehicle models in five years, starting in 2026.
Adrian Hallmark, Chairman and CEO of Bentley Motors, said: “Despite a challenging global environment, we started 2023 where we left off in 2022, with another solid set of financial figures, driving growth in revenue, operating profit and return on sales.
“Bentley’s record performance in the Americas is also especially notable, with one in three of our luxury cars now sold in the region. The introduction of the Bentayga EWB, plus the success of the Flying Spur sedan, have been key to this growth.
“Looking ahead, although our well-balanced distribution model shows signs of encouragement that this success can be continued, we remain cautious about global challenges that remain in the markets.”
