Looks like the Daily Telegraph has got it in for Triumph motorcycles - a genuine British success story. Under the page one headline, 'Downhill Brakes on at Triumph' they report 'performance going into reverse'...yet they're actually referring to a less than one percent fall in sales (from £345.3m to £342.3m. Not too bad in a recession, I suggest.
Admittedly profits are down 29 per cent, but given the company's staggering investment in genuinely new models at this month's Milan Show, is that a disaster? It's certainly not 'performance in reverse'.
Over the last year Triumph has upped its R and D spend from £22m to £24m as it develops new bikes.
These bikes are
expected to include small-capacity models aimed specifically at the booming
markets in India and Brazil, two
countries where Triumph is actively involved in setting up new production
facilities.
Did the Torygraph's news, about what is a privately-owned company, warrant a front-page report? Or such a negative bias?
No - looks like the British disease of knocking our own businesses is alike and 'well' at the Torygraph.
Triumph, by the way, was resurrected in the 'eighties after a catastrophic period as a 'partnership' with the unions under a Labour government and an earlier massive failure to invest from a weak management. It is now Britainis only genuine bike-maker. It employs 1,600 people in the UK and has a plan in Thailand. I am backing Triumph and I think we all should! End of rant!
RIUMPH'S profits for 2011/12 have taken a hit along with the firm's sales – but it's still cleared nearly £16m profits before tax.
In the 12 months up to June 30 this year, the firm saw sales worth
£342.3m, with profits of £15.7m. The previous year, profits had been
£22.3m.
The drop was partially down to lower income from sales – down by £3m –
and partially thanks to the extra investment that Triumph has pumped
into R&D over the last year, upping its spend from £22m to £24m as
it develops the next generation of machines.
Those next-gen bikes are expected to include small-capacity models
aimed specifically at the booming markets in India and Brazil, two
countries where Triumph is actively involved in setting up new
production facilities.
Read more: http://www.visordown.com/motorcycle-news-industry/triumph-profits-fall/21850.html#ixzz2Cmad0xnV
RIUMPH'S profits for 2011/12 have taken a hit along with the firm's sales – but it's still cleared nearly £16m profits before tax.
In the 12 months up to June 30 this year, the firm saw sales worth
£342.3m, with profits of £15.7m. The previous year, profits had been
£22.3m.
The drop was partially down to lower income from sales – down by £3m –
and partially thanks to the extra investment that Triumph has pumped
into R&D over the last year, upping its spend from £22m to £24m as
it develops the next generation of machines.
Those next-gen bikes are expected to include small-capacity models
aimed specifically at the booming markets in India and Brazil, two
countries where Triumph is actively involved in setting up new
production facilities.
Read more: http://www.visordown.com/motorcycle-news-industry/triumph-profits-fall/21850.html#ixzz2Cmad0xnV
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