JCB reports rise in profits in 2023
JCB has announced an increase in profits to £805.8 million in 2023. Sales turnover also grew to £6.5 billion with machine sales increasing to 123,228. The Group maintained a strong balance sheet with no net borrowings throughout 2023. “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,” says JCB CEO Graeme Macdonald. “North America remains the world’s largest market for construction equipment and JCB’s sales there grew strongly during 2023. Continue reading JCB reports rise in profits in 2023 at Industrial Vehicle Technology International.
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JCB has announced an increase in profits to £805.8 million in 2023. Sales turnover also grew to £6.5 billion with machine sales increasing to 123,228. The Group maintained a strong balance sheet with no net borrowings throughout 2023.
“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,” says JCB CEO Graeme Macdonald. “North America remains the world’s largest market for construction equipment and JCB’s sales there grew strongly during 2023.
Continue reading JCB reports rise in profits in 2023 at Industrial Vehicle Technology International.
