Volvo CE sees increased Q1 demand
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.
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