No financial crisis at Triumph

Triumph Motorcycles Group has announced its financial results for the year to 30th June 2008, demonstrating a solid performance.

Group turnover increased by 29% from £220 million in 2007 to £284 million and unit sales of motorcycles increased 19% from 41,125 to 48,929. This volume increase in sales has been attributed to new model introductions and new export markets.

The operating profit before interest and tax grew by 16% from £12.5 million to £14.5 million.

Tue Mantoni, CEO, “We are however, cautiously optimistic when it comes to Triumph’s performance. New models are extremely important to driving growth and we are very pleased with the reception of the recently launched Thunderbird, a 1600cc parallel-twin cruiser. Our global retail network and the enthusiast press have all been impressed with the distinctive styling and excellent performance of this important new model, and we have already built a promising deposit bank, which will give our retailers a strong platform for launching this new model.”