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Birmingham Post
Birmingham Post
Business
Jon Robinson

Bentley hails record year despite 'backdrop of economic uncertainty'

Luxury car maker Bentley has hailed its financial performance in 2021 as its best ever despite its results being achieved with a "continued backdrop of economic uncertainty".

The Crewe-headquartered company has posted a turnover of €2.8bn for the year, up from €2bn in 2020, while the number of cars sold increased from 11,206 to 14,659.

Its operating profits also rose from €369m to €389m over the same period.

READ MORE: Bentley stops exporting to Russia as owner Volkswagen halts production over invasion of Ukraine

Bentley said the jump in the number of cars sold was because of an increased level of personalisation and a model mix dominated by Speed, Mulliner and Hybrid models.

Adrian Hallmark, chairman and CEO of Bentley Motors, said: "These results were achieved against a continued backdrop of economic uncertainty.

"They represent a major achievement for everybody involved at Bentley Motors, as we push forward with our Beyond100 programme to reinvent our entire product range in the build-up to carbon neutrality by 2030."

Jan-Henrik Lafrentz, member of the board for finance and IT, added: "Brand strength has been key to Bentley’s financial performance in 2021, with new models such as Bentayga Hybrid helping to drive profit to a record €389m.

"Increasing demand for our hybridised models, supported by €3bn of sustainable investment in our Crewe factory, will ensure we remain the benchmark manufacturer in sustainable luxury mobility."

The results come after Bentley revealed plans to launch a pure-electric vehicle every year from 2025 to 2030.

The 'Five-in-Five' plan was outlined as part of its Beyond100 strategy which will also include a £2.5bn investment in "sustainability" over the next 10 years.

The company also confirmed that the full Bentley range will be battery-powered electric vehicle-only by 2030.

Bentley added that among its latest initiatives will be an extension of on-site energy production at Crewe, aiming to increase the number of solar panels from 30,000 to 40,000 in the next two years.

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