Profits grow at JCB but outlook challenging
23 September 2024
UK-based OEM JCB has announced that its sales turnover grew by 14% to £6.5 billion (US$8.65 billion) in 2023 and profits before tax increased to £805.8 million (US$1.07 billion).
“Despite a global market for construction and agricultural machinery which shrank by 4.3% in 2023, JCB’s sales increased by 14% to £6.5 billion,” said JCB CEO Graeme Macdonald.
“North America remains the world’s largest market for construction equipment and JCB’s sales there grew strongly during 2023.
“JCB’s business in India…
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