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

  • France shows improving road safety while Germany sees decline
    July 12, 2012
    A very different road safety picture is emerging in two European nations, France and Germany. In France, the road fatality rate fell 4.7% for the month of June 2012, compared with the same period in the previous year. Some 320 people were killed on French roads in June 2012. In May 2012, the road death rate in France was only 0.9% lower than for the same period in the previous year. But in April 2012 the road death rate dropped 22.2% compared with 2011, 9% in March and 25.3% in February.
    Read More
  • US sees decline in construction machine exports
    December 4, 2015
    Exports of US construction equipment are still in decline according to the latest Association of Equipment Manufacturers (AEM) market update. The AEM report shows that exports of US-made construction equipment dropped 17.6% for the first three quarters of 2015 compared to January-September 2014, for a total $10.8 billion shipped worldwide.
    Read More
  • Wacker Neuson improves Q3 earnings in despite challenges
    November 14, 2016
    Light and compact equipment manufacturer Wacker Neuson Group saw revenue and earnings for the third quarter of 2016 increase relative to 2015. The company said that seen over a nine-month period, revenue remained at the prior-year level, balancing out the drop in earnings experienced during the first half of the year only partly. Despite adverse market factors, including ongoing crises in many emerging markets and key industries such as the agricultural sector, the oil and gas industry and mining, gro
    Read More
  • Bad weather impacts Colas profits, but revenues up 4%
    August 29, 2012
    Unfavourable weather conditions are said to have been the main cause of Colas Group’s €19 million net loss in the first six months of 2012, compared to a €2 million net profit over the same six-months of 2011. However, the leading French transport infrastructure suppliers achieved a 4% increase in consolidated turnover to €5.6 billion between January 1 and June 30, 2012, against 5.4 billion over the same period the previous year.
    Read More

Highlighted Content