Posted on 8/6/2018
Volvo has announced that a combination of competitive products and high demand in most markets saw Volvo Construction Equipment (Volvo CE) report net sales in the second quarter of 2018 were up by almost a third, rising 32% compared to the same period in the year before. Good cost control as volumes return also resulted in strong improvement in profitability.
Net sales in the second quarter increased by 32%, amounting to SEK 24,403 M (SEK = $0.113 USD). Operating income was also strongly up, at 3,675 M in the period, eclipsing the 2,460 reported in the same period the year before, equating to an operating margin of 15.1% (13.3%).
The second quarter 2018 also saw order intake increase by 41%, while deliveries in the period ...