JCB’s record annual results

JCB chief executive Alan Blake revealed record financial results for the UK machinery manufacturer during INTERMAT in Paris. Turnover in 2011 rose to US$4.37bn (€3.33bn), 37% up on 2010, with earnings before tax of €430m from sales of 69,100 machines. Speaking at the major construction industry show, Blake said: “The market has recovered by 80% since the last Intermat, mainly thanks to emerging markets. Russia is up 122%, India up 24% and Brazil is up 10%. However Western Europe has also improved, up 25% on
April 19, 2012 Read time: 1 min
255 JCB chief executive Alan Blake revealed record financial results for the UK machinery manufacturer during 242 INTERMAT in Paris.

Turnover in 2011 rose to US$4.37bn (€3.33bn), 37% up on 2010, with earnings before tax of €430m from sales of 69,100 machines. Speaking at the major construction industry show, Blake said: “The market has recovered by 80% since the last Intermat, mainly thanks to emerging markets. Russia is up 122%, India up 24% and Brazil is up 10%. However Western Europe has also improved, up 25% on last year.”

In an overall global market that rose by 18%, JCB saw sales rise by 34%. “This is a record performance for JCB. We’re optimistic about our industry and we do see continued growth this year,” added Blake.

For more information on companies in this article

Related Content

  • JCB’s $100mn Brazilian factory opened
    September 28, 2012
    JCB’s new US$100 million factory in Brazil has been officially opened as the company strengthens its position in rapidly-expanding Latin American markets. At full capacity, the new plant will have the capability to produce 10,000 machines a year, and it replaces two smaller plants in Sorocaba, São Paulo State, the first of which JCB opened in 2001 to produce backhoe loaders and the second in 2010 to produce tracked excavators.
    Read More
  • Cat sees reason for global equipment growth
    January 6, 2017
    Caterpillar ceo Doug Oberhelman is cautiously optimistic that recovery in the global equipment market will continue throughout 2014. Speaking at Conexpo, Mr Oberhelman said that the company was in the best possible position to make the most of steadily growing demand, with a host of improved machines and technologies on show. “The North American market is showing the best growth signs in March that we’ve seen for four years,” he said. “This year the market is stronger, housing is better and we see a very
    Read More
  • Cat sees reason for global equipment growth
    March 5, 2014
    Caterpillar ceo Doug Oberhelman is cautiously optimistic that recovery in the global equipment market will continue throughout 2014. Speaking at Conexpo, Mr Oberhelman said that the company was in the best possible position to make the most of steadily growing demand, with a host of improved machines and technologies on show. “The North American market is showing the best growth signs in March that we’ve seen for four years,” he said. “This year the market is stronger, housing is better and we see a very
    Read More
  • Volvo CE sees sales increase 30% in first quarter of 2017
    April 25, 2017
    Volvo Construction Equipment reports sales up 30% in the first quarter of 2017 thanks to improving market conditions in all regions except South America. During the first three months of 2017 Volvo CE saw net sales jump by 30% to SEK 16,163 M (SEK 12,452 M in Q1 2016). Operating income was also positively impacted, rising to SEK 1,617 M, up significantly compared to SEK 341 M in the first quarter of 2016. Operating margin also saw good improvement, at 10%, compared to 2.7% in the same period the year before
    Read More

Highlighted Content