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January 07, 2020 09:03 AM

Bentley returns to profit as sales rise in 2019

Costas Pitas
Reuters
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    Sales of the Continental GT helped Bentley make a profit in 2019.

    LONDON -- Bentley returned to profitability in 2019, helped by a 5 percent increase in vehicle sales after a strong performance in Europe and the Americas.

    Sales reached 11,006 vehicles last year, boosted by the new Continental GT model and a series of derivatives and limited-edition models, the brand said on Tuesday in a statement.

    "This result secures Bentley's return to profitability, demonstrates the successful implementation of our turnaround, and sends a clear signal for the potential of Bentley for 2020," said CEO Adrian Hallmark.

    The company did not disclose its profit figure for the year but in the first nine months of 2019, operating profit stood at 65 million euros ($73 million), according to previously released figures from parent Volkswagen Group.

    In 2018, the marque reported a loss of 288 million euros due to delays in the start of the Continental GT and the effect of exchange rates.

    Sales in China fell by just over 12 percent to 1,940 models, which Bentley said was due to the lack of availability of cars as the Continental GT only arrived in December.

    In an interview with Automotive News Europe late last year, Bentley CEO Adrian Hallmark said he is confident about better results in 2020.

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