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

  • European construction machine sales remain strong
    March 3, 2023
    European construction machine sales are remaining strong.
    Read More
  • The Volvo Group is appointing a new CEO
    January 6, 2017
    The Volvo Group has removed Olof Persson from the role of president and CEO of the company. This move came following pressure from certain shareholders due to the group’s weak financial performance in recent years. Instead the Volvo group plans to appoint Scania’s head Martin Lundstedt to the role. Lundstedt will take the post in October 2015, with the Volvo Group’s chief financial officer, Jan Gurander, standing in as temporary president and CEO.
    Read More
  • The Volvo Group is appointing a new CEO
    April 24, 2015
    The Volvo Group has removed Olof Persson from the role of president and CEO of the company. This move came following pressure from certain shareholders due to the group’s weak financial performance in recent years. Instead the Volvo group plans to appoint Scania’s head Martin Lundstedt to the role. Lundstedt will take the post in October 2015, with the Volvo Group’s chief financial officer, Jan Gurander, standing in as temporary president and CEO.
    Read More
  • Construction equuipment market improves
    May 14, 2012
    The German manufacturers association, VDMA, has compiled data suggesting that following the slump in construction equipment sales in 2009, the market will recover in 2010. The VDMA reports that in 2009 German construction equipment sales fell in by some 43% to €9.5 billion. Dr Christof Kemmann, VDMA chairman said at a recent board meeting of the organisation, “...2009 has been the most difficult year ever for our industry.”
    Read More

Highlighted Content