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Rolls-Royce sets new records in Q1

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Miguel A. Rodriguez
Miguel A. Rodriguez
09 April 2021
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/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.