ASC Construction Equipment USA, INC. North America

Volvo CE sales up 24% in Q3

Strong growth in South America, China and Russia help drive sales growth in Volvo Construction Equipment’s third quarter of 2018.

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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.