Record turnover of £3.35bn for JCB

By Andrew Woods
Share
JCB has set new records for turnover and machine sales in 2017 as global markets continued to rebound strongly during the year, the company announced to...

JCB has set new records for turnover and machine sales in 2017 as global markets continued to rebound strongly during the year, the company announced today.

The Staffordshire-based construction and agricultural machinery maker revealed that its sales turnover in 2017 rose by almost 28% to £3.35 billion (2016: £2.62 billion), while machine sales increased to 75,693 (2016: 66,011).

Earnings on an EBITDA basis rose by almost 19% to £341 million (2016: £287 million). Since 1975, JCB’s average return on investment has been over 30%. The market rebound has continued strongly in 2018 which has pushed JCB global production levels to a record level of 500 machines per day.
See also…

Work begins on Kuwaiti mega railway

China’s Sinomach to construct 410km railway in western Iran

Mombasa-Nairobi Gauge Railway Project: All you need to know

JCB CEO Graeme Macdonald said: “2017 was a very strong year for JCB during which we outpaced the market and set new sales records. While the global market grew by over 21% last year, JCB’s sales increased by almost 28%. This growth drove demand across all of JCB’s product ranges, in particular for Loadall telescopic handlers, where we are now investing in increased global production capacity.”

JCB Chairman Lord Bamford said: “The continued growth in global markets in 2018 has seen JCB production rates reach their highest in our history. Employment levels across our plants are also at record highs and we now employ more than 15,000 people. In the UK alone we have recruited almost 1,100 people this year, which is superb news for JCB and great news for British manufacturing.”

 

Share

Featured Articles

Energy Transition Reshaping Construction, Says BCG

BCG report details how industries including construction need to collaborate on AI-driven energy solutions, citing data centre design as an example

New Volvo CE Facility Pioneers Climate Certification

Volvo Construction Equipment’s new Braås site is the first to earn the Climate Efficient Site certification, spearheading sustainability in construction

French construction firm Bouygues Expands into US

French multinational construction firm Bouygues Construction expands US presence as subsidiary Aimco lands luxurious Miami waterfront development project

Construction Industry Embracing Autonomous Equipment

Technology & AI

BIM: Revolutionising Construction Through Digital Innovation

Planning & Design

Global Coalition Targets Green Finance for Building Sector

Sustainability & Green Building