Paccar announces record year and sets new targets for emerging markets

摘要

USA - "Paccar reported record annual revenues of $ 17.12 billion and net income of $ 1.17 billion for 2013. Paccar achieved the third best annual net profit in the company's history and the 75th consecutive year of net income," said Mark Pigott, chairman and chief executive officer of Paccar in his executive report about the Bellevue, Washington-based truck builder's performance for the year 2013. Paccar reported that it delivered 137,100 vehicles worldwide in 2013. Paccar achieved record revenues of USD 17.12bn in 2013 compared with revenues of USD17.05bn in 2012. It reported a net income of USD 1.17bn in 2013 compared with USD 1.11bn in 2012. The fourth quarter in 2013 was notably strong, with revenues of USD4.60bn, a 15% increase compared to USD3.99bn on 2012. Commenting on the group's performance, Ron Armstrong, Paccar president said: 'Taccar's excellent balance sheet and operating cash flow of $2.38 billion in 2013 enabled the company to expand into Brazil and invest in all facets of the business. In 2013," he continued, "Paccar launched a new range of vocational trucks; the Kenworth T880, the Peterbilt Model 567 and the DAF CF and LF Euro 6 models. Paccar expanded its family of engines with the introduction of higher horsepower ratings for the Paccar MX-13 engine and the new Paccar MX-11 engine." Armstrong added: "Paccar Parts extended its global network of parts distribution centers, which resulted in record annual parts revenues, and Paccar Financial earned record annual pre-tax profits."