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| Sales at Volvo Construction Equipment jump 58% in Q3 With recoveries in all major markets, Volvo Construction Equipment (Volvo CE) recorded a strong performance in the third quarter of 2010, with sales in SEK rising almost twice the amount of the general world market in units. Net sales rose by 55% to SEK 12,710 M (8,176 M) during the period. Adjusted for currency movements, net sales increased by 58%. Order bookings were also substantially up, with the value of the order book at September 30 being 81% higher than on the same date in 2009. The good news was also reflected in operating income, with Volvo CE enjoying a substantial recovery to SEK 1,330 M in the third quarter, compared to a loss of SEK 787 M in the same period the year before. There was also a complete turnaround in the fortunes of the operating margin, which was a healthy 10.5% – compared to a negative 9.6% in Q3 in 2009. write your comments about the article :: © 2010 Construction News :: home page |