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%).