VOLVO Construction Equipment has reported a ‘turnaround’ in the final quarter of 2024 with a sales order increase of 19%.
The manufacturer revealed it has maintained a ‘healthy profitability’ on lower volumes for the fourth quarter, following 12 months of declining sales, impacted as it has been by an weaker market landscape across many global regions.
While net sales dropped 16% in Q4, net order intake for the same quarter increased by 19%, driven by improvements in markets across Europe, North America, Africa and Oceania.
Volvo CE said it is maintaining a more positive outlook coming into 2025, following a year of investments and new product launches, continuing with its largest product portfolio overhaul in decades.
President Melker Jernberg said, “Despite lower volumes, we have been able to maintain a healthy profitability, whilst at the same time introducing new products and services, including a new range of articulated haulers to our existing portfolio. As we navigate challenging market conditions, we stand firm in our commitments and continue to invest.
“This last quarter has seen us move forward with our biggest launch year ever, balancing tomorrow’s innovations with our customers’ needs for today. 2025 will see us continue with these exciting developments, strengthened by an incredible performance from all our employees around the world.”
