Volvo Construction Equipment sales up 36% in strong second quarter

Transformation program and increasing demand in key markets helps boost Volvo CE in Q2 2017, with significant improvements in sales and earnings.

Driven by improvements in most major markets, Volvo Construction Equipment (Volvo CE) reported that net sales in the second quarter of 2017 increased by more than a third, rising 36% compared to the same period in the year before. Good cost control as volumes return also resulted in a significant improvement in profitability.

Net sales in the second quarter increased by 36%, amounting to SEK 18,511 M (SEK 13,630 M in Q2 2016). Operating income was also strongly up, at 2,460 M in the period, more than three times the 810 M reported in the same period the year before, equating to an operating margin of 13.3% (5.9%).

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