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

  • Wacker Neuson remains on growth path in Q3
    November 14, 2014
    Wacker Neuson Group reported a significant rise in revenue and profit for the third quarter of 2014 with especially high performance in the Americas and Asia-Pacific. Sales of light and compact equipment were driven primarily by an upturn in business in North America where the Munich-based group is planning its first production line for compact equipment. All regions contributed to revenue growth in the third quarter of 2014. Europe reported a 14% increase while the Americas and Asia-Pacific both saw reve
    Read More
  • Haulotte Group sales up 13% in 2011 Q4
    March 2, 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
  • Haulotte Group sales up 13% in 2011 Q4
    May 2, 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
  • European equipment sales up 15% in 2017, according to the CECE
    June 15, 2018
    European construction sales grew by 15% in 2017, according to the Annual Economic Report 2018* from the CECE After a strong first quarter, growth slowed in Q2, before rising in Q3 and Q4, according to the CECE - Committee for European Construction Equipment. Current levels of sales are on par with the levels seen in 2006 and 2008, but the industry is still 20% below the 2007 peak.
    Read More

Highlighted Content