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Financial

19/12/2017

UK flag-carrier Triumph Motorcycles Group posted a global success story in its full-year results to 30 June 2017. BDN financial editor Roger Willis reports.

Annual revenue rose by 22.3% to £498.5m. Earnings before interest, tax, depreciation and amortisation were 47.8% up to £41.1m. Pre-tax profit climbed by a muscular 48.8% to £24.7m.

Worldwide retail sales volume grew by 12.7% to 63,404 bikes. Some 86.1% of these were sold in overseas markets, a 0.8% rise compared to the previous 12 months.

During the year, Triumph increased spending on R&D by 8.6% to a total of £29.2m. And it has since launched five new models — a 765 Street Triple, the Bobber Black and Speedmaster, plus Tiger 800 and Tiger 1200 adventure bikes. It has also become official engine supplier to MotoGP’s Moto2 championship from the 2019 season onwards, utilising the Street Triple 765cc power train.