JCB CEO Alan Blake has reported record financial results for the UK machinery manufacturer.
Turnover in 2011 rose to €3.33bn, 37% up on 2010, with earnings before tax of €430m from sales of 69,100 machines. Speaking at INTERMAT, Blake said: “The market has recovered by 80% since the last INTERMAT, mainly thanks to emerging markets. Russia is up 122%, India 24% and Brazil 10%. However, Western Europe has also improved, up 25% on last year.”
After a solid first quarter 2011, Strabag, Central and Eastern Europe’s largest construction company, has raised its outlook for the financial years 2011 and 2012.
According to the new forecast, Strabag expects an output volume of €14 billion in 2011 (previous target €13.5 billion), with earnings before interest and taxes (EBIT) forecast to increase to €320 million, after €295 million had been predicted.
For 2012, the company had expected an output volume of €13.7 billion and an EBIT of €300 million, whi
CASE CONSTRUCTION Equipment operators and customers from Europe are honing their skills at the controls for the return of the Case Rodeo operator competition, which follows an inaugural European championship last year. Competitors will have to show off their skills in a range of machines, from skid steers and backhoe loaders to larger hydraulic excavators and wheeled loaders, and demonstrate technical skill, safe working practice and productive capability.
Liebherr Group said an increase in trade with emergent markets fuelled an overall Group turnover rise of 9.8% to €8.33billion in 2011. And a Group spokesperson said they expect a further 10% turnover rise for the leading German construction machine manufacturer in 2012. Turnover from construction machinery and mining equipment recorded an above-average increase of 13.5 % in 2011, generating revenues of €5.38billion.
