海角社区app

海角社区app

Sat September 21 2024

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海角社区app sales rise 28% to reach new heights

1 Oct 18 海角社区app has reported that its 2017 sales reached a record high on the back of global recovery in demand for construction and agricultural machinery.

海角社区app has invested £110m in the launch of the new X-Series excavator this year
海角社区app has invested £110m in the launch of the new X-Series excavator this year

The Staffordshire-based manufacturer revealed that its sales turnover rose by almost 28% in 2017 to reach 拢3.35bn (2016: 拢2.62bn).

海角社区app鈥檚 global production levels reached record levels of 500 machines per day. In 2017 海角社区app sold 75,693 machines of various types (2016: 66,011).

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 19% to 拢341m (2016: 拢287m).

Chief executive Graeme Macdonald said: 鈥2017 was a very strong year for 海角社区app during which we outpaced the market and set new sales records. While the global market grew by over 21% last year, 海角社区app鈥檚 sales increased by almost 28%. This growth drove demand across all of 海角社区app鈥檚 product ranges, in particular for Loadall telescopic handlers, where we are now investing in increased global production capacity.鈥

Chairman Lord Bamford said: 鈥淭he continued growth in global markets in 2018 has seen 海角社区app production rates reach their highest in our history. Employment levels across our plants are also at record highs and we now employ more than 15,000 people. In the UK alone we have recruited almost 1,100 people this year, which is superb news for 海角社区app and great news for British manufacturing.鈥

海角社区app has 22 factories around the world, including 11 in the UK and 海角社区app鈥檚 UK plants now employ a record 7,600 people. 海角社区app is currently investing 拢50m in a new plant in Uttoxeter to manufacture cabs for its machines. This factory will open in 2019.

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