JCBamford Excavators Ltd

Growing its earnings by more than 34% in 2016, JCB has defied challenging market conditions. Announcing its annual results for last year, the Staffordshire-based machinery maker revealed that earnings for 2016 on an EBITDA basis were £287m (2015: £214m). Sales turnover rose by nearly 12% to £2.62bn (2015: £2.34bn), while machine sales increased to 66,011 (2015: 59,844).

JCB has agreed terms of settlement with an Asian manufacturer of backhoe loaders regarding allegations of product copying of JCB’s iconic 3CX backhoe loader. JCB has received an undisclosed settlement payment and the manufacturer has agreed to fundamentally redesign their backhoe loader.