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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

JCB profits rise despite faltering demand in UK and Germany

JCB United Kingdom Germany Anthony Bamford Jo Bamford United States Hydrogen
JCB manufacturing plant in Pooler, Georgia
JCB’s pre-tax profits rose 44% to £806m last year, up from £558m in 2022. Photograph: Bloomberg/Getty Images

JCB has reported an increase in profits last year as strong US sales made up for its exports to Russia ending and faltering demand in the UK and Germany.

The company, one of the largest manufacturers in Britain, said that pre-tax profits rose 44% to £806m last year, up from £558m in 2022, according to a summary of its accounts published on Monday.

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The Guardian - UK
The Guardian - UK
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