The latest annual results for Triumph Motorcycles ( to 30 June 2021 ) display a remarkable degree of recovery from the Covid pandemic ’ s early depredations . But the brand may have done even better , according to BDN ' s Financial Editor Roger Willis . According to the Triumph Motorcycles directors ’ report , overall turnover |
during this 12-month period grew by 25.8 % to £ 502.3m . Within that , the UK revenue contribution was 18.7 % up to £ 69.9m . The rest of Europe yielded a 27.3 % rise to £ 234.1m . North America added 58.4 % to £ 116.5m , while the rest of the world fell by 1.1 % to £ 81.8m . Global yearly motorcycle sales |
volume stacked on an impressive 44.6 % to 70,838 . Some 86.1 % of these machines were sold overseas . But distribution and admin costs still overwhelmed a gross profit of £ 50.2m to result in an operating loss of £ 6.5m and net loss of £ 7.9m - recovering from a horrendous operating loss of £ 44.2m and net loss of £ 35.8m in the previous fiscal year . However , the annual strategic and directors ’ reports covering the same period for Bloor Investments , the ultimate parent of Triumph Motorcycles , plus large-scale house construction and plant hire businesses , tell an entirely different story . This version of events kicks off by saying : “ The year ’ s profitability to 30 June 2021 has been primarily driven |
by the £ 95m turnaround of the Triumph business from a loss off £ 40m to a profit of £ 55m .” All the numbers for what is identified as Triumph Motorcycles Group are variant . Triumph ’ s turnover apparently climbed by 27.8 % to £ 613.2m , delivering a pre-tax profit of £ 50.1m - against a loss of £ 40m a year earlier . Sales volume was 40.5 % up to 76,438 bikes and 88.6 % of them were purchased overseas . Presumably such figures came from inputs to which nobody outside the enigmatic John Bloor ’ s inner sanctum is party . Could they be associated with recently migrating to an offshore tax jurisdiction ? As of August 2021 , Bloor senior relocated from rural Wales to take up residence in Guernsey . |