Staffordshire-based JCB remained profitable in 2020 despite the severe impact of the Covid-19 pandemic on its global manufacturing operations, the company announced today.
Last year’s 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 Chairman Lord Bamford said: “The past is the past and, while 2020 was undoubtedly one of the most difficult years in our history, our focus is now very firmly on the future. We continue to lead the way in zero-emissions technology, particularly with the development of the construction equipment industry’s first internal combustion engine powered by hydrogen, which is already being tested in JCB machines. This is a great British breakthrough and we will be producing these engines by the end of next year.”