Splatter Paint
Retrobike Rider
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£94 million turnover for a profit of £3 million. This was 2021.
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State of the industry: a running thread
- Thread starter al-onestare
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There’s two £12M figures.
Gross profit was £12M. After costs and tax etc, profit for the year, was £3.1M
The other £12M figure includes ~£9M of “Retained Earnings” from prior years.
I’ll leave discussion on whether £3.1M profit after costs and tax on turnover of £95M is good or bad to the more financially knowledgeable.
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If I've earned £3.10 on a turnover of £95, I'd be pretty annoyed and skint
£950 and £31 - nope
£9500 and £310, still no
£95000 and £3100, seems like a lot of work for not a lot of reward
£950000 and £31000, I'd get better returns refurbishing property, or just leaving £90 million in a current account
It pretty shite however it will be spun
£950 and £31 - nope
£9500 and £310, still no
£95000 and £3100, seems like a lot of work for not a lot of reward
£950000 and £31000, I'd get better returns refurbishing property, or just leaving £90 million in a current account
It pretty shite however it will be spun
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thanks, saved me the time! ok, so doing some quick maths, compared to my shop, their profit margin is lower, if they were operating on my profit margin they would have made 6.5million for that 93million. that said, distributors are basically logistic comapanies which do operate on a smaller margin generally.
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Bloody spell check!
CassidyAce
Senior Retro Guru
On the surface of things, Trek did better: https://find-and-update.company-information.service.gov.uk/company/02355933/filing-history.
£24.9M profit after tax (page 6) which was 15.3% (page 3) in the 12 months to 31/12/22. Indeed, Trek seem to be doing a lot of things right at the moment.
£24.9M profit after tax (page 6) which was 15.3% (page 3) in the 12 months to 31/12/22. Indeed, Trek seem to be doing a lot of things right at the moment.
13% GP is shaky ground
True, but as a global business, they will have the ability to ensure profits are declared in the most financially beneficial locations. This is not a comment on Specialized, any global business can (and frankly should) be doing this within the scope of the financial rules of the countries they operate in. Whether those rules are “fair” is a whole seperate thread.
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Was Frog brought up yet, posting a loss also.
(and is championed as a Brexit success iirc from something I read).
(and is championed as a Brexit success iirc from something I read).
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