22 May 2015 | Online since 2003



JCB reports third highest profit


JCB achieved its third most profitable year in its 68-year history in 2013, the company announced today.

Earnings stood at £313 million on an EBITDA basis (2012: £365 million) on turnover of £2.68 billion (2012: £2.70 billion). JCB’s machine sales stood at 66,227 (2012: 69,250).

JCB Chairman Lord Bamford said: “The global market for construction equipment was more challenging throughout 2013 but I am delighted that, despite difficult market conditions, JCB delivered a strong performance and achieved the third highest profit in its history.

“Turnover remained virtually unchanged year-on-year but volume and earnings were adversely affected by a slowdown in emerging markets, notably India, where JCB has a strong presence. This was further compounded by adverse currency movements in some economies.

“Turnover growth in the UK, Middle East and Africa during 2013 helped to offset reductions in India, Europe and the Far East.

“2014 has got off to a mixed start. Some markets are showing improvement, with stronger demand in the more developed markets of the UK and North America, which is offsetting weaker demand in the more fragile economies of Asia, Latin America and Russia. Political uncertainty created by elections in India and Brazil is also having an impact on markets.”

JCB is forging ahead with long-term plans to increase capacity globally, with the company’s latest Indian plant in Jaipur starting production in May. In the UK, JCB is pressing ahead with a £150 million plan to expand operations in Staffordshire, creating an additional 2,500 jobs by 2018, with work due to start later this year on a new 350,000sq. ft. plant for JCB Cab Systems in Uttoxeter. A new factory will also be built in Cheadle, Staffordshire.

Download




Comments


No comments posted yet. Be the first to post a comment

To post comment without approval login or register

Display name

Please enter your name

Email (optional)
Comment

Please enter your comment

Post Comment

Your comment submitted successfully.Please wait for admin approval.

Some error on your process.Please try one more time.



Jobs


7 May 2015
Digital Delivery Manager
That means we’re always looking at new and better ways of making energy, including renewables like wind farms, biomass and ma...

7 May 2015
Marketing Manager
Llaeth y Llan offer a manufacturing facility to produce dairy products and sell products through the channel of their own bra...

5 May 2015
ELECTRICAL TECHNICIAN - Braemar, UK
This Electrical Technician role will involve servicing and maintenance of Turbines in Wind Farms around the Braemar, UK. Abou...

21 May 2015
Commercial Accountant
Pork Farms Ltd is a leading UK food company, specialising in the chilled savoury pastry market, which is currently worth £1bn...

13 May 2015
Store Agricultural Specialist
Agricultural Specialist, Store Assistant, Farm Store Manager, Farm Store Assistant, Retail Assistant, Customer Service Assist...



Top stories you may have missed
15 May 2015 | Arable

Scotland’s Rural Affairs Secretary Richard Lochhead is calling on the Europ...


15 May 2015 | Finance

As the country settles down following the turmoil of the general election, ...


14 May 2015 | Animal Health

New research from the Universities of Bristol and Cambridge has found that ...


13 May 2015 | Animal Health

A new publication to help farmers prevent sheep lameness and offer advice o...


12 May 2015 | Agri Safety

The Farmers’ Union of Wales is putting the spotlight on Liver fluke at next...


5 May 2015 | News

The UK is now third in the global rankings for utility-scale solar energy a...


29 April 2015 | Agri Safety

A recent Rural Watch demonstration and information event gave Farmers’ Unio...


24 April 2015 | Meat Processing

Retailers should confirm their commitments to sourcing UK lamb this season,...


15 April 2015 | Meat Processing

A leading retailer has apologised after selling imported lamb in a Borders ...


9 April 2015 | Finance

The time has come for landlords to expect to see reductions in farm rents, ...