Volvo Construction Equipment reports sales down 2% in the third quarter of 2016 but profit margins improved despite the flat sales volumes in the third quarter.
Third quarter orders increased by 17% compared with the same quarter in 2015, although from low levels. Order intake increased across all regions.
“Despite continued low demand operating margin improved slightly in the third quarter to 5.2%. Further positives were that orders increased slightly across all regions, from low levels in the BRIC regions,” said Martin Weissburg, president, Volvo Construction Equipment.
“We see no immediate increase of demand and continue the internal work to focus on Volvo CE’s strongholds.”