New record Volvo CE 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.
March 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.
Finance & Funding Maintenance

Related Content

  • Wacker Neuson’s strong growth in third quarter
    November 8, 2019
    The Wacker Neuson Group reports strong growth in its business activities in its third quarter for 2019. There was a double-digit rise in revenue to €467.2 million, a growth of 12.4% over the €415.8 million recorded for the same period in 2018. However the EBIT ratio was slightly below the result for the previous year at €40.2 million, a drop of 4%. The firm says that this growth was fuelled by significant gains in all three reporting regions. Group revenue for the first nine months of the year amounted t
    Read More
  • Wacker Neuson bullish with strong results
    March 18, 2019
    Wacker Neuson is bullish with its latest financial results, showing record revenue for fiscal 2018 with. The firm saw double-digit growth in group revenue to reach €1.7065 billion, a jump of 11%. The firm benefited from even faster EBIT growth to reach €159.7 million, a jump of 22%, while EBIT margin improved to 9.4%. The firm’s new strategy includes initiatives reduce complexity while its revenue is expected to grow by 4-8% in 2019 The Wacker Neuson Group says that business grew across all regions and bus
    Read More
  • Volvo CE US$100 million Americas expansion
    March 22, 2013
    Volvo Construction Equipment president Pal Olney stressed the long-term importance to the company of the North American market while formally recognising the industry giant’s US$100 million expansion programme at its Shippensburg, Pennsylvania facility. Olney cut the ribbon to officially open Volvo CE’s new Americas’ headquarters building. The event also saw the unveiling of the first wheeled loader to roll off the Shippensburg site’s cutting edge assembly line. On the significance of the two big landmarks,
    Read More
  • Wacker Neuson record slight revenue drop in Q1 2013
    May 22, 2013
    The Wacker Neuson Group reported a slight drop in revenue and earnings for the first quarter of 2013 compared to the same three months of last year. The German construction equipment manufacturer says that a weak European economy was one of the main factors that dampened demand for light and compact construction equipment in Q1 2013. In addition, the Group’s strong performance in first quarter of 2012 is said to have resulted in an above-average baseline for comparison. At US$331.26 million (€257.1mn), Grou
    Read More

Highlighted Content