Volvo CE sales increase 30% in first quarterPublished 16/5 at 12:21
Buoyed by improving market conditions and the positive impact of its transformation programme, Volvo Construction Equipment saw sales increase by 30% in the first quarter of 2017.
Improving market conditions in all regions except South America helped Volvo CE report strong growth in sales, profitability, order intake and deliveries in the first quarter of 2017.
During the first three months of 2017 Volvo CE saw net sales jump by 30% to SEK16,163M (€1,691M) from €1,302M for the same quarter in 2016. Operating income was also positively impacted, rising to €169M compared to €36M in the first quarter of 2016. Operating margin also saw good improvement, at 10%, compared to 2.7% in the same period the year before.