Strong growth in traditional and emerging markets helped JCB post record financial results in 2011.
The global construction and agricultural equipment manufacturer increased turnover by 37% on 2010 to £2.75bn, which was more than double that of 2009 and the highest in the firm’s 66-year history. Earnings before interest, tax, depreciation and amortisation hit a record £355m.
The company sold 69,100 units, around one-third more than in 2010 (51,600 units).
JCB chairman Sir Anthony Bamford said ongoing investment in the 22 global factories, more R&D and the biggest product launch programme in JCB’s history meant the company was well placed to deliver strong performance in 2012, despite economic and political uncertainties in some parts of the world.
“Substantial investment in research and development continues to keep JCB at the forefront of construction equipment technology, including engine development programmes to further improve fuel efficiency and meet legislative requirements,” he said.