Revenues rise at Triumph Motorcycles
Posted on 14 Jan 2020 and read 927 times
Hinckley-based Triumph Motorcycles Group increased its revenues by £26.8 million to £529.5 million and achieved a £0.5 million increase in its pre-tax profits (to £9.5 million) in the financial year to 30 June.
The company, which sells its motorcycles, parts and accessories to customers in over 57 countries world-wide, achieved the growth “in the face of challenging economic and currency conditions, including the atmosphere of uncertainty caused by the Brexit negotiations.”
Its R&D expenditure increased by 20.6% to £43.4 million during the year, as it continued to develop its range of motorcycles by introducing six new models, including the brand-new Tiger 900 (www.destinationtriumph.co.uk
It also entered two new markets in 2019 — through a wholly owned subsidiary in China and a distribution partnership in the Philippines — and it provided engines for the Moto2 World Championship.