Triumph Group is forecasting continuing growth in sales for 2007, following the publication of a 10% year-on-year increase to $760 million for fiscal year 2006. Triumph’s aerospace systems division posted a 17% increase in sales, to $578 million, while operating income increased 49% to $21.8 million. The aftermarket division’s sales grew 7% to $185 million, but the division suffered an operating loss of $2.2 million, including $10.8 million of costs associated with new aerospace programmes and start-up costs from its new Thailand maintenance and repair facility. But “we remain optimistic as to the results of the aftermarket services segment in fiscal year 2007”, says president and chief executive Richard Ill. The company predicts total sales of between $875 million and $925 million next year.
Source: Flight International
