Industry

Profits up at Triumph despite Brexit uncertainty

Triumph motorcycles have posted growth in pre-tax profits despite continued uncertainty at home and abroad regarding Brexit

TRIUMPH motorcycles have posted pre-tax profits of £9.5m for the year to 30th June, despite widespread market uncertainty regarding Brexit.

The new figures show the company managed to accelerated revenue and pre-tax profits during the last financial year. The Hinckley-based company manufacture and distribute their motorcycles clothing merchandise in more than 57 countries across the globe.

The report from the factory confirms that for the 12 months to 30 June 2019, it achieved a revenue of £529.5m, up £26.8m, and pre-tax profits of £9.5m, a rise of £500,000.

A statement released by the factory said: "Triumph is excited about the future and is committed to delivering its long-term vision through investment in the company’s people, products and facilities including an exciting project to develop an electric powertrain in partnership with Williams Advanced Engineering, Integral Powertrain Ltd, and WMG, at the University of Warwick."

The motorcycle arm of the Bloor empire is just one part of the John Bloor success story, he also owns Bloor homes, founded in 1969. Bloor took over the helm at Triumph in 1983, he’s widely credited with bringing Triumph back from the brink, after buying the name and manufacturing rights from the official receiver.

Today Triumph is one of the strongest brands on the global motorcycle scene, building motorcycles that fill almost every segment in the 700cc or above sector. The growth and stability reported by the factory is sweetly timed for the factory, as they look to branch out into the small capacity motorcycle sector in the coming years. Facilitated through manufacturing facilities in Asia.

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