Login or register now to gain instant access to the rest of this premium content! Driven by improvements in most major markets, Volvo Construction Equipment (Volvo CE) reported that net sales in the second quarter of 2017 increased by more than a third, rising 36% compared to the same period in the year before. Good cost control as volumes return also resulted in a significant improvement in profitability. Net sales in the second quarter increased by 36%, amounting to SEK 18,511 M (SEK 13,630 M in Q2 2016). Operating income was also strongly up, at 2,460 M in the period, more than three times the 810 M reported in the same period the year before, equating to an operating margin of 13.3% (5.9%).
Good cost control as volumes returned and improvements in most major markets helped Volvo Construction Equipment to post a 36% YoY increase in net sales in Q2 2017.