Page 36 - Contractors World -UK & Ireland Vol 2 No 4 (May 2012)

Basic HTML Version

JCB post record
financial results
JCB, the global construction and agricultural equipment
manufacturer, has announced record financial results for
2011.
Turnover last year rose to the highest level in
the company’s 66 year history at £2.75 billion, 37%
greater than the £2 bi l l ion achieved in 2010 and
more than double the £1.35 billion sales recorded in
2009. Earnings before interest, tax, depreciation and
amortisation (EBITDA) reached a record £355 million
and machine sales rose to 69,100 units (2010: 51,600).
JCB Chairman Sir Anthony Bamford (right) said, “This record financial performance has been
delivered on the back of very strong growth in both traditional markets and the emerging economies. While we are
mindful of the continuing economic and political uncertainties in some parts of the world, JCB’s on-going investment in
its 22 global factories, coupled with the biggest product launch programme in our history, means we are well placed to
seize new opportunities for growth and deliver another strong performance in 2012.
“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. 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.”
In 2011 JCB retained its position as the World Number One manufacturer of backhoe loaders and telescopic handlers.
In 2012 JCB will unveil a total of 66 innovative new products for global markets, many of which were unveiled for the first
time at the Intermat construction equipment fair in Paris.
JCB is the world’s third largest manufacturer of construction equipment with 22 plants on four continents in addition
to 16 strategically located parts centres designed to support customers around the world. The company employs more
than 10,000 people around the world and has 770 dealers with 2000 dealer depots.
Page 36
Contractors World - UK & Ireland Vol 2 No 4
CECA sees glimmers of hope with a but . . .
The first positive figures for preliminary works since the collapse of Northern Rock helped maintain slender growth in the
infrastructure sector, according to figures published recently.
Results from the Civil Engineering Contractors Association’s Workload Trends Survey 2012 Q1 show signs of growth in
the industry, primarily driven by the rail and electricity sectors, and glimmers of hope that the oft-forgotten sector of civil
engineering - preliminary works for building projects - has returned to growth for the first time since the credit crunch.
On balance, 1% of CECA members stated that their workloads had increased year-on-year, employment in the industry
increased in Great Britain as a whole, and future workloads were forecast to rise by 10% of firms, on balance.
This was the second consecutive quarter of growth reported by the survey, after more than three years of decline.
However, workloads in the motorways and local roads sectors continued to deteriorate and, on balance, 43% and 30%
of firms, respectively, indicated that activity fell in these sectors.
Commenting, CECA director of external affairs Alasdair Reisner said, “This good news for the industry must be put
in context. It is clear that certain sectors are driving growth while others - particularly the motorways and local roads
sectors - continue to face challenging market conditions.
“It is far too early to be talking about a recovery in the sector as a whole, let alone successfully addressing the looming
infrastructure deficit Britain faces over the coming years. Nonetheless, the news that the industry is growing - albeit
slowly - and that certain sectors, such as preliminary works, are showing positive results, should be welcomed.”
Construction News - Economics - Business - Regulations