JCB announces 2011 financial results

JCB has announced the company’s record financial results for 2011.

Turnover last year rose to the highest level in the company’s 66-year history at $4.39 billion, 37 percent greater than the $3.19 billion acquired in 2010 and more than double the $2.15 billion sales recorded in 2009. Earnings before interest, tax, depreciation and amortization reached $566 million, and machine sales rose to 69,100 units, up from the 51,600 sales in 2010.

“We are investing heavily in manufacturing facilities in the UK and overseas, and later this year, a new 350,000-sq-ft factory will start producing backhoe loaders and excavators in Sao Paulo, Brazil,” said JCB Chairman Anthony Bamford.

In 2012, JCB will introduce 66 new products, many of which were unveiled for the first time April 17 at Intermat in Paris.