Tag: Volvo Construction Equipment earnings

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

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