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Tag: Volvo CE earnings report
Construction Equipment
Volvo CE sales dip slightly in Q3, but profit ticks up with improved order intake
Volvo Construction Equipment reports in its latest earnings announcement that the company saw sales decline in the third quarter despite seeing an improvement in the European market and an increase in order intake across all regions. The heavy equipment manufacturer saw sales fall 3 percent to to SEK 11.539 billion ($1.3 billion U.S.). When adjusted for currency […]
October 24, 2016
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 slump in China offsets gains elsewhere as Volvo CE operating income falls 43% in 2Q
After kicking the year off with a sales boost and 29-percent increase in operating income during the first quarter, things cooled off considerably for Volvo Construction Equipment during the second quarter. Volvo CE saw slumping demand for equipment in China hurt its bottom line considerably with a 43-percent year-over-year decrease in operating income to $109.5 […]
July 21, 2014
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