Volvo CE Sales up by 36%

Driven by improvements in most major markets, Volvo Construction Equipment reported 36% rise compared to the same period in the year before in net sales in the second quarter of 2017. The second quarter 2017 also saw order intake increase by 54%, while deliveries in the period were up 49%, at 17,472 machines. Order intake in China was particularly strong, rising by 221%, driven by increased demand for SDLG wheel loaders and SDLG and Volvo excavators. “Demand for construction equipment continues to improve in Europe and China, and also a clear recovery in the mining segment in many parts of the world,” stated Martin Weissburg, President, Volvo Construction Equipment. “Thanks to Volvo CE keeping tight control over costs as volumes return, these increased sales have resulted in a significant improvement in profitability. In general, Volvo CE has competitive products and services, with good positions in key markets. We will continue to focus on core products and segments, continuous improvement, lowering costs and improving quality,” Weissburg added.

Tag: Volvo CE, Construction Equipment, Martin Weissburg

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