JCB posted record financial results in 2011, with $4.39 billion in revenue, a 37-percent increase compared to $3.19 billion in 2010. JCB more than doubled its 2009 sales total of $2.15 billion. EBITDA was a company-record $566 million, and machine sales rose to 69,100 units, compared with 51,600 a year ago.
“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 U.K. and overseas, and later this year, a new 350,000-square-foot 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 2011, JCB retained its position as the world’s number one manufacturer of backhoe loaders and telescopic handlers, the company said.
In 2012, JCB will unveil 66 new products for global markets, many of which are being unveiled this week at Intermat in Paris.
In addition to 22 factories on four continents, JCB has 16 parts centers around the world, employs more than 10,000 people and has 770 dealers with 2,000 dealer locations.
JCB is based in the U.K., with U.S. headquarters in Savannah, Ga.