05 Feb

Morgan Motor Company Announces 2017 Results (www.motorlegend.com)

[For those of you that are interested in such things. . . The financial health of the MMC appears to be good and that should result in continued operations for some, or at least we hope so. Mark]

Morgan Motor Company recorded excellent sales results in 2017, which now allows it to post revenues (£ 36 million) up 19% over fiscal 2016.

Under the chairmanship of Dominic Riley, the British manufacturer saw its margins increase by 12% at the end of 2017, the group’s net assets grew by 13% while its pre-tax profits also increased to 2 million pounds.

Last year Morgan Motor Company recorded a sharp increase in its exports (+ 10%) and the new Aero GT and 50th Anniversary V8 available in limited editions, saw all available copies sold before the official presentation of the models.

The new partnership signed with Frazer Nash for the development of its electric vehicles should, for its part, allow the brand to continue on this dynamic while this nascent collaboration is already bearing fruit.

Finally proof of this good financial health, we note that eleven years after having separated Morgan bought in 2017 its historic site of Malvern, in Worcestershire, which includes the Morgan Visitor Center which has been welcoming since 2009 with some success ( more than 30 000 visitors already) fans of the brand. The future seems to come under the best auspices for the English manufacturer today more than a century.

Leave a Reply

Your email address will not be published.