Volvo Construction Equipment has seen its sales dip 2% in the third quarter of 2016, following a strong year. However the profit margins have improved despite the flat sales volumes in the third quarter. The firm says that an improvement in the European market and order intake up by 17% failed to offset continued weakness in other markets, sending Volvo Construction Equipment (Volvo CE) sales down 2% in the third quarter, when adjusted for currency movements.
Net sales in the third quarter decreased by 3
Volvo Construction Equipment (Volvo CE) reports a strong performance for the fourth quarter of 2017. This helped its parent company, the Volvo Group, achieve the highest sales and operating income in its history. Improved competitiveness coupled with growing demand, especially in Asia, boosted Volvo CE’s performance in sales, operating income, and order intake.
Volvo Construction Equipment has started its own Russian revolution by beginning work on its US$52million excavator factory in Kaluga. High profile dignitaries, including Kaluga Region governor Anatoly Artamonov and president of Volvo CE Pat Olney, attended a special ceremony on April 18 to mark the start of the groudbreaking project.
A contractor in Ukraine is relying heavily on a fleet of Volvo wheeled loaders, excavators and graders. The Lutskavtodor Group is based in Ukraine’s Volyn region and has been a Volvo CE customer for more than 25 years, using the equipment both for extraction and road construction purposes.
