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Record results in 2011 for JCB.

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IBH
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Record results in 2011 for JCB.

Post #1 by IBH » Tue Apr 17, 2012 8:27 am

Unit sales were up from 51,600 machines in 2010 to 69,100 in 2011.

Earnings before interest, tax, depreciation and amortisation (Ebitda) was up 51% to £355m, from £235m last year.

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."

In 2012 the company is taking on more than 100 apprentices and is planning its biggest ever product launch programme.

"We are investing heavily in manufacturing facilities in the UK and overseas,” Sir Anthony said, “and later this year a new 350,000 sq ft factory will start producing backhoe loaders and excavators in Sao Paulo, Brazil."


Source: http://www.theconstructionindex.co.uk/news/view/jcb-reaches-record-high


Jeremy Rowland
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Re: Record results in 2011 for JCB.

Post #2 by Jeremy Rowland » Tue Apr 17, 2012 10:00 am

This is great news for British industry well done JCB :claphands: :claphands:

Jeremy

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Re: Record results in 2011 for JCB.

Post #3 by IBH » Tue Apr 17, 2012 10:47 am

According to the following Financial Times article-
achieved record revenues and earnings in 2011 on strong demand from agricultural producers and a shift in its sales mix towards bigger equipment. The company expects record volumes in 2012.



Source: http://www.ft.com/cms/s/0/0a7a12e4-87ab-11e1-ade2-00144feab49a.html#axzz1sHdNioMu

JCB Press Release:
http://www.jcb.com/PressCentre/NewsItem.aspx?ID=930


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