Volvo CE's new record machine sales

Volvo Construction Equipment sold a record 84,000 machines in 2011. The company believe its ascendancy in the Chinese market was a key factor behind the landmark.
May 2, 2012 Read time: 1 min
Volvo Construction Equipment sold a record 84,000 machines in 2011. The company believe its ascendancy in the Chinese market was a key factor behind the landmark. Full year sales rose by 21% to SEK 64,987million (US$9.64billion) compared to SEK 53,810million (US$7.9billion). Operating income also increased in 2011, to SEK 6,653million (US$987.4million), up from SEK 6,180million (US$917.2million) the previous year.

However, operating margin was down slightly in 2011 to 10.2%, compared to 11.5% in 2010. 359 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.

Related Content

  • Volvo CE and SDLG deepen partnership
    May 23, 2019
    Volvo CE and SDLG are further deepening their corporate cooperation. From December 2020 excavators weighing 15tonnes or more that are made for the Chinese market will now bear the Volvo CE brand. These machines will also feature the latest Volvo CE technology. This is a marked change from the present situation, with Volvo CE and SDLG selling their separate products in China. However with the coming introduction of the China IV emission standards, the excavators weighing 15tonnes or more will feature the
    Read More
  • Volvo CE confident of sustained US recovery
    May 18, 2012
    Volvo Construction Equipment (Volvo CE) president and chief executive Pat Olney said demand for construction equipment in North America could jump by a quarter in 2012, after revealing the company posted a 111% increase in like-for-like first quarter year sales. Olney said Volvo CE’s strong Q1 2012, and improved overall construction equipment trading in the US and Canada, had re-emphasised the company’s belief in a sustained North American market recovery.
    Read More
  • CNH Industrial forecasts growth for its Construction Equipment business in 2014
    January 31, 2014
    CNH Industrial is forecasting improved performance from its Construction Equipment business in 2014 after the overall Group recorded net revenues of €25.8 billion in 2013 – up 4.3% on a constant currency basis on 2012 revenues. Revenues from the Construction Equipment and Agricultural businesses, the former including the globally renowned Case and New Holland brands, were in line with 2012 at €16.006 billion. On a constant currency basis, revenues from Construction Equipment-Agricultural increased by €759
    Read More
  • Volvo lines up its SDLG brand for greater global export sales
    June 8, 2015
    No sooner had senior managers told a roomful of journalists that corporate restructuring is on track, news followed that Volvo Group’s chief executive had been replaced Olof Persson fell from his perch following pressure from shareholders' dissatisfaction over the group’s weak financial performance in recent years. Volvo group plans to appoint Scania’s head Martin Lundstedt to the role staring in October. Until then, Volvo Group’s chief financial officer Jan Gurander will be standing in. Lundstedt and G
    Read More

Highlighted Content