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JCB posts record financial results

JCB, the global construction and agricultural equipment manufacturer, has announced record financial results for 2011.

Sir Anthony Bamford

Sir Anthony Bamford

Turnover last year rose to the highest level in the company’s 66 year history at £2.75 billion, 37% greater than the £2 billion achieved in 2010 and more than double the £1.35 billion sales recorded in 2009. Earnings before interest, tax, depreciation and amortisation (EBITDA) reached a record £355 million and machine sales rose to 69,100 units (2010: 51,600).

Today JCB Chairman Sir Anthony Bamford said: “This record financial performance has been delivered on the back of very strong growth in both traditional markets and the emerging economies. While we are mindful of the continuing economic and political uncertainties in some parts of the world, JCB’s on-going investment in its 22 global factories, coupled with the biggest product launch programme in our history, means we are well placed to seize new opportunities for growth and deliver another strong performance in 2012.

“We are investing heavily in manufacturing facilities in the UK and overseas, and later this year a new 350,000 sq ft factory will start producing backhoe loaders and excavators in Sao Paulo, Brazil. Substantial investment in research and development continues to keep JCB at the forefront of construction equipment technology, including engine development programmes to further improve fuel efficiency and meet legislative requirements.”

In 2011 JCB retained its position as the World Number One manufacturer of backhoe loaders and telescopic handlers. In 2012 JCB will unveil a total of 66 innovative new products for global markets, many of which were unveiled for the first time today at the Intermat construction equipment fair in Paris.

· JCB is the world’s third largest manufacturer of construction equipment with 22 plants on four continents in addition to 16 strategically located parts centres designed to support customers around the world. The company employs more than 10,000 people around the world and has 770 dealers with 2000 dealer depots.

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