Volvo CE sees increased Q1 demand

Steve Ducker Desk Editor, Off Highway Research

22 April 2021

Volvo Construction Equipment (CE) president Melker Jernberg said the company can “take confidence” from its first quarter sales figures after posting a 23% year-on-year increase.

Sales for January to March totalled SEK24,742 million (US$2,940 million) compared to SEK20,148 million in 2020. Operating income climbed by 42% to SEK3,822 million ($454 million), with the operating margin up to 13.3% to 15.4% and the company also reporting a 73% rise in order intake.

All geographical market areas…

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