Tag: Volvo CE earnings

Dealers

Volvo CE at coronavirus start: 1Q sales slip 17%, NA down 25%

As it saw its operations in China recover following the COVID-19 coronavirus outbreak, Volvo Construction Equipment‘s 1Q sales globally took a sales hit of 17 percent. The company says sales, profitability, deliveries and orders all showed reversals during the period. Volvo CE’s net sales decreased to 20.1 million SEK ($2 million USD), compared with 24.15 […]

April 23, 2020

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 doubles operating income in 2015 despite sales decline

Despite a decrease in sales during 2015, Volvo Construction Equipment managed a huge improvement in operating income for the year thanks to market share gains and strong performance in North America and Europe. The company reported fourth quarter sales of SEK 11 billion ($1.3 billion), down 11 percent from the same period last year. Operating […]

February 9, 2016

Business

Volvo CE reports increased market share despite sales, profit drops in 3Q

Despite continued growth in the North American market, Volvo Construction Equipment sales and profit dipped during the third quarter. The manufacturer saw 11.84 billion SEK in sales ($1.4 billion) during the quarter, down 5.5 percent from Q3 2014. However, even with the lower demand, Volvo says it grew market share among larger machines during the quarter. […]

October 26, 2015

Business

Volvo CE profit jumps 80% in 2Q thanks to big sales increases in North America

Following two consecutive quarters of large losses, Volvo Construction Equipment saw a huge increase in profit during the second quarter, mainly supported by increased sales in North America. Sales increased to 15.4 billion SEK ($1.8 billion), up 5 percent over 2Q 2014. Meanwhile, profit rocketed upward 80 percent to 1.35 billion SEK ($157 million). RELATED […]

July 20, 2015

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

Volvo CE profit plummets 157% to 4Q loss; big gains in North America keep full-year sales afloat

Thanks to increased demand in North America and Europe, Volvo Construction Equipment largely weathered a rough fourth quarter to keep its full-year 2014 earnings from falling too far. However, the company expects it will have to work hard in 2015 to optimize costs for challenging market conditions in most regions. The heavy equipment manufacturer saw […]

February 9, 2015

Business

Volvo CE earnings jump 31% during 3Q despite flat sales

Continued weak demand for construction equipment in China has negated sales gains in other parts of the world for the second-straight quarter at Volvo Construction Equipment. Despite the difficulties in Asia, the company’s positive earnings report for the third quarter Friday included a 31-percent gain in operating income to $89 million (SEK 648 million) over […]

October 24, 2014

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

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

Business

Volvo CE operating income plummets 54% in 2013 despite gains in 4Q

Despite encouraging gains in the fourth quarter, Volvo Construction Equipment will be glad to put 2013 behind it. Full-year sales fell by 16 percent to $8.2 billion (53.4 billion SEK) while operating income plummeted 54 percent to $399 million (2.6 billion SEK). In its report, Volvo CE attributed the fall in operating income to “tough price […]

February 5, 2014