Sales Increase 32% at Volvo CE

Despite an overall softening of demand in the Chinese market, as a result of government measures to curtail inflation, sales at Volvo CE were positively impacted by strong momentum in most markets.

Strong momentum in most markets underpinned the quarter for Volvo Construction Equipment.

The period also saw the company strengthen its position in wheel loader and excavator sales in China, taking an 11.8% share of this market.

Despite an overall softening of demand in the Chinese market, as a result of government measures to curtail inflation, sales at Volvo CE were positively impacted by strong momentum in most markets.

Net sales in the second quarter amounted to SEK 17,520m (£1.695bn), up from SEK 15,295m in Q2 2010. This represents a 15% jump in demand, and when adjusted for currency movements, this increased further, to 32%. Operating income amounted to SEK 1,893m, down from SEK 2,086m in 2010.

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