The hottest market demand is strong. Volvo Constru

2022-08-17
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The market demand is strong, the sales of Volvo Construction equipment in the second quarter increased by 32%

the market demand is strong, and the sales of Volvo Construction equipment in the second quarter increased by 32%

China Construction machinery information

Guide: the strong rise in the market has brought a confident quarter to Volvo Construction equipment. In the second quarter, the company consolidated its leading position in the Chinese wheel loader and excavator market. The global construction equipment industry continues to show a strong market trend. Volvo Construction equipment in the second quarter of 2011

the strong rise in the market has brought about a confident quarter for Volvo Construction equipment, so it is important to experiment with the fatigue life of sliding transmission belts. In the second quarter, the company consolidated its leading position in the Chinese wheel loader and excavator market

the global construction equipment industry continues to show a strong market trend, which is proved by the financial report of Volvo Construction equipment in the second quarter of 2011. The second quarter also witnessed that Volvo Construction Equipment consolidated its leading position in the Chinese wheel loader and excavator market, accounting for 11.8% of this important market

due to the measures taken by the government to curb inflation, the demand in the Chinese market is softening. Nevertheless, the strong growth of other major markets in the world has played a positive role in promoting the sales of Volvo Construction equipment. Net sales in the second quarter reached SEK 17.52 billion, up 15% from SEK 15.295 billion in the previous year. After the exchange rate adjustment, the sales increased even higher, reaching 32%. The operating revenue reached SEK 1.893 billion, slightly lower than SEK 2.086 billion in the same period last year. Because this year's Japanese earthquake and the subsequent tsunami have had a negative impact on the company's sales and operating income. The problems related to Japanese suppliers caused the company a sales loss of about SEK 1.2 billion, and the operating revenue also decreased by SEK 300million, which had an adverse impact on the operating profit margin, from 13.6% in the same period in 2010 to 10.8%

for such a result, Pat Olney, the new president of Volvo Construction equipment, said: "Despite the exchange rate risk and the adverse impact of the earthquake and tsunami in Japan some time ago, the second quarter earnings report still confirms our solid market performance. Due to the continuous uncertainty of the current macroeconomic situation, we are maintaining a high degree of cost flexibility so that we can quickly adapt to any potential challenges in the market."

optimistic outlook

there is also optimistic news this quarter. The order volume of Volvo Construction equipment at the end of the second quarter was 38% higher than that of the same period in 2010. It is expected that the market will still maintain optimistic growth in 2011, which is expected to reach% (previously predicted as%). The European market is expected to be% (previously, the company's printers for automatic pressure testing machines did not stop at this point, which was predicted to be 10% - 20%), North America 25% - 35% (unchanged from the previous 2. Poor activity prediction), South America 10% - 20% (previously predicted to be%) and Asia 10% - 15% (previously predicted to be%), of which China is expected to grow by% or more (previously predicted to be%)

Volvo Construction Equipment's main activities in the second quarter include "Volvo day". The event was held in Sweden in May and June and lasted four weeks. More than 10000 customers from more than 70 countries and regions learned about the 50 new tier 4i/stage IIIB devices launched by Volvo Construction equipment this year

table 1 Net sales of Volvo Construction equipment in various markets. Monetary unit: SEK million

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