Rolls-Royce sets new records in Q1

Rolls-Royce sets new records in Q1

The luxury carmaker Rolls-Royce posted first-quarter figures that impressed the markets

According to the figures, Rolls-Royce had the best quarter in its 116-year history, as its sales reached records. In the past quarter, the company delivered 1,380 cars, 62% more than 2020. Moreover, it surpassed the previous record set in 2019.

The record was due to the sales reported for its Cullinan SUV, which has a starting price of $335,000 but usually tops $400,000 after options and customizations. The demand for Royce’s expensive models continues its momentum “with order books extending well into the second half of 2021.”

Torsen Muller-Otvos, the company’s CEO, stated: “We’ve responded to recent challenges with our customary boldness, imagination and inventiveness, underpinned by meticulous planning and a relentless focus on our customers’ needs and requirements.”

At the moment of writing, Rolls Royce stock price is 0.75% higher.

Sources: cnbc.com, finance.yahoo.com

This information prepared by za.capex.com is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.

This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation or the particular needs of any recipient.

You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.

This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent. Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of za.capex.com

JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.