JCB, a very good year

JCB 2017 in figures

JCB. The Staffordshire-based construction and agricultural machinery maker revealed that its sales turnover in 2017 rose by almost 28% to £3.35 billion – €3.8 billion, official rate on October 22th (2016: £2.62 billion, €2.97 billion), while machine sales increased to 75,693 (2016: 66,011) as new records for turnover and machine sales.

JCB STAGE V

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

22 facilities worldwide

The Britain company has 22 plants worldwide, 11 of which are in the UK with 7,600 people employed. In June JCB revealed that was investing £50 million in a new British factory for the production of cabins for his machines in Uttoxeter, Staffordshire. The new plant will open in 2019.

CEO Graeme Macdonald said: «2017 was a very strong year 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».

Sir Bamford said…

The company Chairman Lord Anthony 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 us and great news for British manufacturing».