Volvo CE: strong start to 2018
Significant market demand increases in all major regions – especially in Asia - helped propel 7659 Volvo Construction Equipment to a strong first quarter of 2018.
During the first three months of the year, Volvo CE saw net sales jump by 30% to SEK 20,914m (€2.013bn – up from €1.55bn in Q1 2017). Operating income rose to SEK 2,888m (€278.03m), up 79% compared to SEK 1,615m (€155.48m) in the first quarter of 2017. Operating margin also saw strong improvement, at 13.8%, compared to 10% in the same period the year before.
In the first quarter of 2018, Volvo CE also enjoyed an increase in order intake, which rose by 37% to 23,938 machines, with increases coming from all markets, but particularly North America and Asia. Deliveries were also up 35% during the period, to 22,102 machines.
