Volvo CE reports improved Q3 margin and sales growth
Machine deliveries rose 8% and service sales grew 5%. Adjusted operating margin reached 16.1% driven by favorable market mix.
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Manufacturer of construction machinery and equipment
volvoce.comLast updated
In short: Volvo CE reported Q3 growth in deliveries, orders and service sales, with a 16.1% adjusted operating margin.
Machine deliveries rose 8% and service sales grew 5%. Adjusted operating margin reached 16.1% driven by favorable market mix.
Reports 14% increase in deliveries, 8% order intake growth, 9% service sales growth, and 14.4% adjusted operating margin.
The first EC230 rolls off the line as part of a USD 261 million investment expanding production across North America, Asia, and Europe. EC210 assembly starts in August.
Net sales fell 13% to SEK 18,305 M due to SDLG divestment, but organic growth was 14% with 13.6% operating margin. Deliveries rose 12%.
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