JCB profitable in 2020 despite severe Covid impact on global manufacturing operations
Sector: Hydrogen • Location: Staffordshire, United Kingdom
Source: Highways Today
Staffordshire-based JCB remained profitable in 2020 despite the severe impact of the Covid-19 pandemic on its global manufacturing operations. Last year sales turnover fell to £3.1 billion (2019: £4.2 billion), while machine sales decreased to 74,590 (2019: 92,216). Earnings on an EBITDA basis stood at £228 million (2019: £414 million). JCB CEO Graeme Macdonald mentioned the challenges faced due t
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Description
Description | Staffordshire-based JCB remained profitable in 2020 despite the severe impact of the Covid-19 pandemic on its global manufacturing operations. Last year sales turnover fell to £3.1 billion (2019: £4.2 billion), while machine sales decreased to 74,590 (2019: 92,216). Earnings on an EBITDA basis stood at £228 million (2019: £414 million). JCB CEO Graeme Macdonald mentioned the challenges faced due to Covid-19 and the subsequent turnaround in 2021 with a significant increase in order bank. JCB Chairman Lord Bamford highlighted the focus on zero emissions technology and the development of hydrogen-powered engines for construction equipment. |
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Original Currency | USD |
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Data quality score | 100% |
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