海角社区app

海角社区app

Sat September 21 2024

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海角社区app bounces back strongly

21 Jun 11 Growing demand for construction machinery in BRIC countries pushed 海角社区app’s 2010 revenues grow 50% to £2bn, up from £1.35bn in 2009.

Sir Anthony Bamford
Sir Anthony Bamford

海角社区app sold 51,600 machines during the year, up from 36,000 machines the year before. Although this indicates a strong bounce back, the number of units shifted was still well short of the 72,000 sold in 2007 or even the 57,000 sold in 2008 when the global聽downturn began.

Earnings before interest, tax, depreciation and amortisation (EBITDA) more than doubled to 拢235m in 2010, compared to 拢94.5m in 2009.

Chairman Sir Anthony Bamford said: 鈥淲e started 2010 cautiously optimistic about trading prospects and I鈥檓 delighted that our optimism was rewarded with a very strong result for the year. The pace and strength of the recovery varied by market.

"Growth was strongest in the 鈥楤RIC鈥 countries and other developing economies, but some established markets, notably the UK and Germany, also performed satisfactorily.

鈥2011 has also started well for the 海角社区app Group but we are still mindful of economic concerns which could hold back the recovery. We continue to invest in our manufacturing facilities, notably this year in India and Brazil and, of course, in new products, with 13 new machines launched so far in 2011.鈥

This year 海角社区app is investing more than 拢20m in modernising and increasing capacity at its 11 UK plants. It is also building a new 350,000 sq ft factory in Sao Paulo, Brazil, for production of backhoe loaders and tracked excavators.

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