Triumph Motorcycles announces financial results

Triumph Motorcycles announces financial results

Author | exchange4media News Service | Saturday, Dec 24,2016 8:34 AM

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Triumph Motorcycles announces financial results

Triumph Motorcycles Group Limited, which designs, manufactures and sells motorcycles, related parts, accessories and clothing merchandise in over 57 countries throughout the world, has announced its financial results for the year ended 30 June 2016. 

NB. Financial results for 2015 have been restated under accounting standard FRS102 for consistency with 2016 financials.

Triumph Group has performed strongly over the last few years against a backdrop of challenging currency, economic and motorcycle market conditions. The group remains dedicated to the continuous improvement of its products, through a commitment to ongoing investment in research and development and a focus on customers’ needs, delivering a complete range of premium bikes that fuse character with performance.

In the financial year 2016 Triumph grew global revenues by £56.3m to £407.6m with profit before exceptional costs increasing by £7.9m to £16.6m.

Triumph has continued to consolidate its global footprint and continues to invest in the development of new motorcycles. In this financial year, Triumph launched the new Bonneville range, comprising the Thruxton, Thruxton R, Bonneville T120 and T120 Black, as well as the all-new Street Twin, all of which have been met with great acclaim. Within the same period, Triumph launched a new range update for the Tiger Explorer 1200, Tiger Sport, Speed Triple S and Speed Triple R.

Speaking on this occasion, Vimal Sumbly – Managing Director, Triumph Motorcycles India, said, “We are extremely proud of the results achieved by the brand globally and at the same time very happy to contribute towards the incredible journey on the brand globally this financial year. We have sold just over 3500 motorcycles within the last 3 years of our operations here in India. This has been an exciting year for triumph in India with new launches like T 100 and new dealership launches, bringing us closer to our customers and giving them a complete riding experience.'”

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