All Financial results Articles
Volvo Construction Equipment recently unveiled its 2023 financial results, with sales up by 1% on a currency-adjusted basis to SEK 105 billion. Here are four things we learned from its annual report.
Spain-based company hails new remanufacturing facility
Revenues in line with gudiance, but one market downgraded
Residential product shipments expected to grow sales in 2024
Company reports 2023 rental revenues excceeding $1bn
Rental penetration has reached pre-pandemic levels and growth expectations are higher than expected
Positive first half results for Australian renter
Strong end to financial year will give way to ‘stable’ 2024 and consolidation
Strategic priorities for fleet and M&A point to positive 2024
Slight drop in fourth quarter sales lifted by significant income rise for full year as backlog soars
Up to €20 million pledged to accelerate growth
Full year 2023 revenue rose 21% y/y to a record $34.1 billion
Company reports “strong pipeline” despite challenges
Despite sales falling in fourth quarter for construction segment, 2023 a record year for giant OEM
“Strong performance” in its UK and overseas sales
Sales in two key markets saw OEM post increase in machines sales in 2023 compared to 2022
On the heels of a record-breaking fourth quarter, the world’s largest rental company looks forward to the expansion of specialty rentals and its growing role in mega projects
Record quaterly results also driven by demand and Ahern acquisition
Forecast follows record 2023 and despite economic downturns in some markets in the months ahead
Double digit revenue growth expected says company
Calculate the total cost of ownership and
CO2 output of construction machinery
using the European Rental Association’s
online, free-to-use calculators.
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