JCB rolls out record results

Truck and digger maker JCB has racked up record financial results for 2011.

Sir Anthony Bamford - image: JCB
Sir Anthony Bamford - image: JCB

Turnover last year rose to the highest level in the company’s 66 year history at £2.75bn, nearly two-fifths up on last year and more than double that of 2009.

Earnings before interest and other factors reached a record £355m thanks to sales of 69,100 machines up by over 17,000 units the year before.

JCB chairman Sir Anthony Bamford credited strong growth in traditional markets and the emerging economies but sounded a note of caution.

"We are mindful of the continuing economic and political uncertainties in some parts of the world.

"But on-going investment in 22 global factories and the biggest product launch programme in our history means we are well placed to seize new opportunities.

This year JCB will unveil 66 new products for global markets and pump big money into research and development, he said.

"This will continue to keep JCB at the forefront of construction equipment technology including engine development programmes to further improve fuel efficiency and meet legal requirements."

His company is the world’s third largest manufacturer of its kind, based on four continents in addition to 16 parts centres. The company employs more than 10,000 staff and has 770 dealers with 2000 dealer depots.

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