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|Subject: Triumph reports sales increase but cautious for future|
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Date Posted: 05:23:37 06/04/09 Thu
Triumph has reported a 19% rise in sales in the last year. Sales grew 41,125 to 48,929 motorbikes, fuelled by overseas growth and the introduction of new models, generating pre-tax profits of £14.5m.
However, the company’s forecast is cautious. Chief Executive Tue Mantoni said “We are cautious in terms of the general market outlook for the 2009 financial year due to the continued global economic crisis and the impact on consumer confidence and spending. The global motorcycle market has declined, in particular in the last three to six months and we expect this pattern to continue during the rest of this year.”
“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. Our global retail network and the enthusiast press have all been impressed with the distinctive styling and excellent performance of this important new model.”
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