Improved competitiveness and increased demand helped Volvo Construction Equipment put in a strong fourth quarter of 2018, with sales up 28% in the period, and up 31% for the full year.
Volvo Construction Equipment (Volvo CE) put in a strong performance in the fourth quarter of 2017, helping 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 – helped Volvo CE deliver strong improvements in sales, operating income, and order intake.
In Q4 2017, net sales increased by 28% to SEK 16,733 M (13,110). When adjusted for currency movements net sales were up even more, to 34%. Operating income amounted to SEK 1,816 M (494), corresponding to an operating margin of 10.9% (3.8). Earnings were positively impacted by higher sales and increased utilization of the industrial system.
To read the full press release, visit www.volvoce/press