Triumph posts loss

**Bob** · 5th January 2005, 00:46

Accounts for Triumph show the UK manufacturer posted a £665,000 pre-tax loss, for the year ending June 30 2004 against a profit of £4.1m over the preceding 12 month period . Good news is that turnover rose 13% at £115m.

A £1.1m operating profit in 2004 was eliminated by a £1.8m interest bill. Employee levels were cut back by 12pc to 510 staff.

Triumph’s forecast that sales and production would increase by 25pc a year for the next five years look optimistic – and would seem to rely on the success of the Rocket III, especially in the US marketplace. Given the collapse of the Dollar against Sterling, this seems unlikely.

Lets hope Triumph can turn things around – reports on the new Daytona 650 are favourable and this, rather than the Rocket, could be the key to recovery, or even survival. The sportsbike class still dominates UK sales and if Triumph could capture a decent proportion of this sector, then the future would look a lot more optimistic.

**White trash** · 5th January 2005, 06:31

Go Triumph!

My job depends on it....

**Blakamin** · 5th January 2005, 08:22

Originally Posted by White trash

Go Triumph!

My job depends on it....

do they need that many spare parts????

**moko** · 5th January 2005, 08:52

Not as bad as it seems as they`re part of a massive organisation and the bosses project basically.They`ve had bigger losses than that,and given the tax write-offs e.t.c. then posting a loss isnt nescesarily a bad thing,something a lot of firms do.biggest loop-hole is "depreciation" they can write off quite a lot due to percieved loss of value of stock,machinery e.t.c. despite the fact it`s got years and years left before it`s due for replacement.Commen scam/legal loophole is firms replacing all their computers or vehicles before being assessed,better to spend the money on the company and show no profit than give it to the taxman.Good Old News International makes millions over here and is great at campaigning against all kinds of fraud..........they`ve never yet paid any tax in this country,nothing to do with Murdoch being a friend of every p.m. we`ve had in the last few years and anyone likely to become one or the masive influence they have by way of the editorial slant their turgid shit-rags take.

**vifferman** · 5th January 2005, 08:55

What effect did their factory fire have on profitability?

**Hitcher** · 5th January 2005, 08:55

If the new ST Sprint doesn't save Triumph, then nothing will...

It's drop-dead gorgeous...

**Bob** · 5th January 2005, 09:02

Originally Posted by vifferman

What effect did their factory fire have on profitability?

Funny you should mention that...

"The 2004 performance did not include the previous year's £2.1m profit from an asset sale after a fire at its Hinckley plant in 2002."

Talking about the Sprint, I reckon Hitcher is spot on there - if Triumph have a bike capable of kicking Honda's butt, it is the Sprint. Come to think of it, the new Speed Triple isn't exactly shabby either - only worry there being that it is a radical change in style from the old one. But if you want minimal, the new Speed Triple is your man!

I'm off to the London Motorcycle Show at the end of the month, so I'll try to get some decent photos. But in the meantime, here is a promp pic from Triumph:

**jrandom** · 5th January 2005, 09:04

When annual accounts report 'losses' it means NOTHING other than that the company does not particularly wish to have shareholders knocking on its door expecting dividends that year, and neither does it wish to hand over a particularly large segment of its cash to the IRD.

If there was a way of answering the question, I'd bet a pint with anyone who wanted to that Triumph's cashflow is completely healthy.

**Coyote** · 5th January 2005, 09:26

Originally Posted by Bob

I'm off to the London Motorcycle Show at the end of the month, so I'll try to get some decent photos. But in the meantime, here is a promp pic from Triumph:

Oooo, nice bike. How much?

**Blakamin** · 5th January 2005, 09:29

Originally Posted by Bob

Funny you should mention that...

"The 2004 performance did not include the previous year's £2.1m profit from an asset sale after a fire at its Hinckley plant in 2002."

Talking about the Sprint, I reckon Hitcher is spot on there - if Triumph have a bike capable of kicking Honda's butt, it is the Sprint. Come to think of it, the new Speed Triple isn't exactly shabby either - only worry there being that it is a radical change in style from the old one. But if you want minimal, the new Speed Triple is your man!

I'm off to the London Motorcycle Show at the end of the month, so I'll try to get some decent photos. But in the meantime, here is a promp pic from Triumph:

Beautiful...... but the can needs ...something

**Indiana_Jones** · 5th January 2005, 09:49

I hope Triumph is ok lol, I havn't got my Daytona or Bonnie yet

-Indy

**tlronny** · 5th January 2005, 12:47

Is it just me or is the new Rocket 3 a hugely ugly piece of crap that looks just awful and sounds very average as it goes by ??
They won some award in NZ lately too ?

What sort of biker really buys one of these ? (perhaps one with a small weener !)
For that sort of money you can virtually buy any sort of decent bike !

Comments anyone ??

**White trash** · 5th January 2005, 15:15

Originally Posted by tlronny

Is it just me or is the new Rocket 3 a hugely ugly piece of crap that looks just awful and sounds very average as it goes by ??
They won some award in NZ lately too ?

What sort of biker really buys one of these ? (perhaps one with a small weener !)
For that sort of money you can virtually buy any sort of decent bike !

Comments anyone ??

Shaddup!!!