Volvo CE feels impact of market downturn with Q1 results
17 April 2024
Sales in the first quarter of the year for Volvo Construction Equipment (Volvo CE) either declined or remained stable in all of the regions in which it operates.
The OEM said that this result was in line with the expected market downturn and, compared to the strong sales of the same period last year, market demand is softening across the globe.
For the first quarter this year, net sales dipped by 9% to SEK 22,877 M (US$2.09 billion)…
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