(March 19, 2013) LONDON — Bentley Motors today reported a significantly increased operating profit of 100.5 million Euros ($129 million) compared to $10.3 million in 2011. Bentley boosted its total turnover by 29.9% to $1.87 billion and its profit margin increased to 7%.

Demonstrating the global reach of Bentley’s business, exports accounted for 87.3% of Bentley’s total turnover, equating to a total export value of $1.63 billion.  The company’s market share in the luxury segment rose by 4.9 percentage points to 20.1%.

Bentley also made a strong start to the new year. Deliveries to customers grew by 39.5% in the first two months of 2013.  “With the new Flying Spur due to arrive with customers in the middle of the year, we expect to see a double digit growth rate for the rest of 2013,” Dr Wolfgang Schreiber, Bentley’s chairman and CEO, said.

The global growth and expansion of the Bentley brand was driven by 16 new global dealers in 2012, taking the total number to 173 dealerships in 50 countries. This year, 40 more new Bentley showrooms will open around the world.

“Our performance in 2012 and in the beginning of 2013 underlines Bentley’s position as the leading manufacturer of luxury vehicles and a truly global brand. Through sound investment and product planning, we now have our strongest model line-up ever and are increasing our market share,” Schreiber said.

The results follow another successful year in 2012 in which the company achieved global growth of 22% with 8,510 cars delivered to customers, with the top three regions comprising the U.S. (2,457), China (2,253) and the UK (1,031).