JCB announces record results for 2011
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.”
In an overall global market that rose by 18%, JCB saw sales rise by 34%. “This is a record performance for JCB. We’re optimistic about our industry,” said Blake.