Triumph Motorcycles has announced its financial results for its last fiscal year ending June 30, 2017.
Now operating in more than 57 countries across the globe, Triumph grew global revenues by a hefty 22% or £90.9 million to £498.5 million in that year, against £407.6 million one year earlier, with net profit before tax increasing by £8.1 million or 46%, to £24.7 million. This came on the back of a substantial lift in sales, from 56,253 motorcycles in the previous year to 63,404 units in 2016/7. 86.1% of those were sold outside Triumph’s UK home market, compared to 85.3% the year before. Research and development costs also rose to £29.2 million in the past fiscal year, up from £26.9 million in 2015-6.
Triumph has thus performed strongly In the face of challenging economic conditions and currency fluctuations, including the ongoing Brexit uncertainties, and has maintained its investment in R&D, to further the continuous improvement of its models. It’s launched five new motorcycles in the last 12 months, including the 765 Street Triple, the Bonneville Bobber Black, the Bonneville Speedmaster, and the Tiger 800 and Tiger 1200 adventure bikes.
It also opened a £4.0 million free to enter Factory Visitor Experience at its Hinckley base, which includes a museum charting the history of Triumph, as well as an opportunity for fans and enthusiasts to take a tour of Triumph’s manufacturing plant to see Triumph motorcycles being built.