Strong growth in South America, China and Russia help drive sales growth in Volvo Construction Equipment’s third quarter of 2018.
Helping parent company The Volvo Group to its best ever third quarter results, Volvo Construction Equipment once again posted a strong set of figures during the period. Good demand for its competitive products in most markets helped drive sales growth of almost a quarter, coupled with strong profitability.
Net sales in the third quarter increased by 24% to SEK 18,598 M (15,042). Operating income was also up, rising to SEK 2,587 M, up from 2,023 M in the corresponding period in 2017. This again delivered a yet stronger operating margin of 13.9% (13.4%). Profitability was positively impacted by higher equipment and service sales, improved capacity utilization in the industrial system and good cost control.
To read the full press release, visit www.volvoce/press.