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
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.
