Revenue in 2011 rose 37 percent compared to 2010.
SAVANNAH, Ga. – JCB, a global construction and agricultural equipment manufacturer, announced record financial results for 2011.
Revenue last year rose to the highest level in the company’s 66-year history at $4.39 billion, 37 percent greater than the $3.19 billion achieved in 2010 and more than double the $2.15 billion sales recorded in 2009. Earnings before interest, tax, depreciation and amortization (EBITDA) reached a record $566 million, and machine sales rose to 69,100 units (2010: 51,600), the company said.
“This record financial performance has been delivered on the back of very strong growth in both traditional markets and the emerging economies," said JCB Chairman Sir Anthony Bamford. "While we are mindful of the continuing economic and political uncertainties in some parts of the world, JCB’s ongoing investment in its 22 global factories, coupled with the biggest product launch program in our history, means we are well placed to seize new opportunities for growth and deliver another strong performance in 2012.
“We are investing heavily in manufacturing facilities in the UK and overseas, and later this year, a new 350,000-sq-ft factory will start producing backhoe loaders and excavators in Sao Paulo, Brazil. Substantial investment in research and development continues to keep JCB at the forefront of construction equipment technology, including engine development programs to further improve fuel efficiency and meet legislative requirements.”
In 2012, JCB will unveil a total of 66 new products for global markets, many of which were unveiled for the first time today at the Intermat construction equipment fair in Paris.
JCB manufacturers construction equipment with 22 plants on four continents in addition to 16 strategically-located parts centers designed to support customers around the world. The company employs more than 10,000 people worldwide and has 770 dealers with 2,000 dealer locations.