New record Volvo CE machine sales

Volvo Construction Equipment believes its ascendancy in the Chinese market is behind its record annual sale of 84,000 machines in 2011.
January 6, 2017 Read time: 1 min
2394 Volvo Construction Equipment believes its ascendancy in the Chinese market is behind its record annual sale of 84,000 machines in 2011.

Full year sales rose by 21% to US$9.64billion (SEK 64,987million) compared to US$7.9billion (SEK 53,810million) in 2010.

Operating income also increased in 2011, to US$987.4million (SEK 6,653million), up from US$917.2million (SEK 6,180million) the previous year. However, operating margin was down slightly in 2011 to 10.2%, compared to 11.5% in 2010. Volvo CE said this was mainly due to the negative impact of currency issues.

The construction giants said its prospects for 2012 were expected to remain positive, with Europe trade predicted to grow by 10-20%, North America by between 15-25% and South America by between 0-10%. Asia (excluding China) is forecast to grow by between 10-20%, while China itself is projected to be on the same level as in 2011.

%$Linker: External 0 0 0 oLinkExternal www.volvoce.com Volvo false http://www.volvoce.com/ false false%>

Hall 6: Stand: C075 / C041 / C042

%$Linker: 2 Internal 2 4824 0 oLinkInternal <span class="oLinkInternal"><span class="oLinkInternal">View more videos</span></span> Video false /event-news/intermat-2012/video/ true false%>

For more information on companies in this article

Related Content

  • Volvo CE president speaks of industry giant’s goals for bauma 2013
    April 9, 2013
    Volvo Construction Equipment president Pat Olney has stressed the importance of the bauma show to the industry giant ahead of the 2013 event. Speaking during the recent inauguration of Volvo CE’s new Americas HQ in Shippensburg, Pennsylvania, he said: “Bauma is a major show in Europe and also attracts international visitors.
    Read More
  • Haulotte sales up 13%
    January 6, 2017
    Haulotte Group (HG) increased its Q4 2011 sales by 13%, compared to the same period of 2010. The rise took consolidated October 1 to December 31 2011 sales to US$107.1million (€82.2 million) compared with $94.5million (€72.5million) in the same three months of last year.
    Read More
  • Haulotte sales up 13%
    February 21, 2012
    Haulotte Group (HG) increased its Q4 2011 sales by 13%, compared to the same period of 2010. The rise took consolidated October 1 to December 31 2011 sales to US$107.1million (€82.2 million) compared with $94.5million (€72.5million) in the same three months of last year.
    Read More
  • Cast iron auction sales with IronPlanet
    January 6, 2017
    Online auction firm IronPlanet (IP) is a business with a truly global marketplace. It generated more than €450 million in 2011 via its worldwide used construction equipment sales. “Being pro-active is the key to what we do,” said managing director Tom Cornell. “Our software tells us who is looking [prior to online auctions] and who has bought similar equipment before and our online sales team rings them up and advises them about which online auctions may have equipment they are looking for. “This means a n
    Read More

Highlighted Content