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 reports strong Q3 performance
    November 12, 2013
    Compact equipment manufacturer Wacker Neuson reports an upturn in its business in the third quarter of 2013. This comes despite the difficult economic climate. The firm’s revenue for the third quarter of 2013 was 8.6% higher than the same period in 2012 and reached €276.3 million, compared €254.5 million in the previous year. Taking into account currency fluctuations, this represents an increase of 13% according to the firm. “When viewed against negative trends in certain markets, we can be satisfied with t
    Read More
  • Deutz delivering financial strength
    November 8, 2017
    German engine firm Deutz is reporting strong financial performance for the first nine months of 2017. The latest results reveal a marked increase in new orders, revenue and EBIT and a significant improvement in free cash flow. The firm also believes it is well positioned for the future as its E-Deutz strategy has been accelerated by the recent acquisition of Torqeedo. The firm says that new orders rose by 25.5% to reach €1,173.8 million, compared with €935.3 million for the same period in 2016.
    Read More
  • Wacker Neuson posts strong 2023 revenue
    March 27, 2024
    Despite a difficult second half of the year, group revenue rose again by 17.9% to €2,654.9 million.
    Read More
  • Wacker Neuson Q2 2012 profits fall by 38%
    August 21, 2012
    German light and compact equipment manufacturer, Wacker Neuson, saw its second-quarter 2012 profit fall 38% to €13.8 million, down from €22.5 million in Q2 2011. The Munich-based firm’s quarterly earnings per share dropped 37.5% to 0.20 euros from last year's 0.32 euros. On a more positive note the company’s revenue in Q2 2012 quarter rose 6.5% percent to €284.2 million, from €266.9 million euros in the prior-year quarter.
    Read More

Highlighted Content