Profits rise at JCB despite recession in construction

JCB has said it maintained profitability in 2009 "despite the deepest ever recession in the global construction equipment industry".

The company saw sales drop by a third to £1.35bn but was able to increase profit before tax marginally from £28m in 2008 to £29m. The global market fell by 46 per cent in 2009 but JCB increased its market share to an all-time high of 12.2 per cent.

JCB is the world's third largest construction equipment manufacturer. Backhoe loaders took more than 40 per cent of the global market and the Loadall telescopic handler range had a 28 per cent share.

Chairman Sir Anthony Bamford said: "The organisation pulled together magnificently to respond to the downturn. Tough action was taken to adjust our cost base to align it to a much reduced level of demand and this resulted in an improving profit trend as the year progressed."

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next

Tree planting guide - three basic rules

Tree planting guide - three basic rules

Choosing the right plant, correct planting procedure and best aftercare are the three basic rules for sucessful tree planting, Sally Drury explains.

Tree planting - what are the benefits of planting trees?

Tree planting - what are the benefits of planting trees?

Mitigating climate change, providing windbreaks and reducing the risk of soil erosion are some of the best reasons for planting trees, says Sally Drury.



Beautiful but underused, this tall and elegant plant can persist for years, says Miranda Kimberley.

Horticulture Jobs
More Horticulture Jobs

Industry Data

An exclusive report for HW subscribers revealing the key development trends, clients and locations for 2017.

Are you a landscape supplier?

Horticulture Week Landscape Project Leads

If so, you should be receiving our new service for Horticulture Week subscribers delivering landscape project leads from live, approved, planning applications across the UK.

Landscape Contracts & Tenders

Products & Kit Resources

BALI National Landscape Awards 2016

Read all about the winning projects in the awards, run in association with Horticulture Week.

Noel Farrer

Founding partner of Farrer Huxley Associates Noel Farrer on landscape and green space

Read Noel Farrer