JCB broke all records for turnover, machine sales and earnings in 2018.
Machine sales increased to 96,246 units while sales turnover raced ahead by 22% to hit £4.1 billion. Those figures were accompanied by a 31% hike in earnings on an EBITDA to £447m.
CEO Graeme Macdonald said the global construction equipment market grew to an all-time high of one million machines but cautioned that growth has stalled. “We continue to make strategic investments in new product development and new manufacturing capacity to ensure JCB is ready to capitalise on future long-term growth opportunities,” he added.
India remained JCB’s largest market in 2018 and a new £65m factory in Gujarat is due to open in 2020. At home, the company is investing £50m in a cab manufacturing facility in Uttoxeter, Staffordshire.
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©Scottish Plant. Article posted 2/9/2019