寻找供应商
广告
首页 > automotive-testing > 正文

Morgan announces record profits thanks to research and development

2019-09-10 23:42:31·  作者：TARA CRAIG  
　
Morgan Motor Company has announced record profits for the third year running, citing investment in research and development as one of the reasons for its success.


Morgan Motor Company has announced record profits for the third year running, citing investment in research and development as one of the reasons for its success.

Year-end financial results for 2018 saw profit before tax increase by over 95% year-on-year to £3.4m (US$4.4m). The British company also saw positive growth in gross margins, thanks partly due to record prices achieved for the final Aero GT and Plus 8 50th Anniversary Edition models. However, continuing improvements to production efficiency at the famous Malvern factory have ensured the greatest growth in operating profit.

Last year saw Morgan make its biggest investment yet in research and development (over 8% of annual turnover in 2018), taking total R&D investment to just over £6.3m (US$8.16m) in the last three years. This investment includes the development of Morgan’s all-new new bonded aluminum fabricated platform which will be used by the range-topping ‘Wide Body’ sports car, due to launch this year.

“Our focus on a stable, profitable and innovative Morgan Motor Company is clearly represented in the year-end results,” explained Dominic Riley, chairman.

“Ever-improving efficiency and rising gross margins are fantastic to see and have come about thanks to our shared strategic vision and the hard work by everyone at Malvern.

“Investment in R&D has never been higher and it is only fitting that this investment will benefit our customers for years to come.” 
分享到：
 
反对 0 举报 0 收藏 0 评论 0
  • 汽车测试网V课堂

    汽车测试网V课堂

  • 微信公众号

    微信公众号

  • 汽车测试网手机站

    汽车测试网手机站

• Foretellix launches new approach to testing autonomous • Automotive Testing Expo Europe 2019 exhibitor Q&A: Mat
• Automotive Testing Expo 2019 opens next week! • Bugatti tests Chiron and ChironSport at Paul Ricard ra
• Volkswagen builds 200 pre-production Volkswagen ID.3s • Byton promotes David Twohig to chief technical officer
• Siemens technology plays central role in battery desig • Hyundai and Kia invest US$90m in Croatian EV maker Rim
• Ricardo develops virtual reality app for global collab • Karma tests Revero’s top speed and regen braking capa
0 条相关评论

编辑推荐

最新资讯

沪ICP备11026917号-25