Triumph Motorcycles Group reports 11% rise in turnover

Posted on 1 Dec 2011

Group turnover increased from £312.4 million in 2010 to £345.3 million in 2011, a rise of by 11% for the automotive manufacturer.

The yearly figures for the Leicestershire-based company were for between 1st July 2010 and 30th June 2011.

Unit sales of motorcycles increased from 45,501 to 48,684, marking a 7% rise. The increase in unit sales can be largely attributed to the introduction of incremental models to the range.

Triumph Motorcycles Group has announced its financial results for the year to 30th June 2011, demonstrating a solid performance in a difficult global market.

The operating profit before interest and tax grew from £15.1 million to £22.3 million. A company spokesperson commented that this was due to strong sales of motorcycles and related products, benefiting from improved use of working capital and continued focus upon the cost base.

The results are particularly impressive given that 2011 was another difficult year for the motorcycle industry, the global market for motorcycles bigger than 500cc is down almost 50% from its peak four years ago, decreasing by 7% within the last year alone.

Triumph’s market share now stands at 5.8% in the +500cc segment of the global motorcycle market.  The company currently sells around 50,000 units per year through a global network of around 700 dealers.

Triumph remains cautious in terms of the general market outlook for 2012 due to the continued global economic turmoil and the impact upon consumer confidence and in particular spending on discretionary consumer goods.

Triumph increased annual spend in R&D investment during the recession, launching three new motorcycles this year: the Tiger Explorer, Speed Triple R and the Steve McQueen Special.