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Tag: Volvo CE 1Q
Business
Volvo CE sees demand in China cut in half, profit plunges 46% in 1Q
Citing weak demand in China, where sales have been cut in half, Volvo Construction Equipment reported a drop in revenues and a plunge in profit for the first quarter of 2015. For the quarter, which ended March 31, total sales at Volvo CE fell 5 percent to 12.7 billion SEK ($1.5 billion). A major drop […]
April 28, 2015
Business
Sales jump boosts Volvo CE operating income 29% in 1Q
Following a tough 2013, Volvo Construction Equipment saw a positive start to 2014, reporting a growth in sales and a big boost in earnings. During the first quarter of the year ending March 31, Volvo CE sales jumped to $2.035 billion (SEK 13.371 billion), an increase of 10 percent over the same period last year. As a […]
April 25, 2014
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