VOLVO Construction Equipment has announced that it closed 2025 with ‘strong momentum’, with order intake rising by 18% in the final quarter of the year.
During Q4, the total machine market grew compared to the prior year. Europe, South America, Africa and Oceania, China and North America grew while Asia contracted.
In Q4 2025, net sales decreased by 16% to SEK 18,692 M, of which net sales of machines increased by 13% and service sales by 8%.
Volvo added that both adjusted and reported operating income amounted to SEK 2,599 M, corresponding to an operating margin of 13.9%. Compared with the same period 12 months earlier, a positive product and market mix and improved service business were partly offset by lower volumes and increased US tariff costs.
The manufacturer explained that currency movements had a negative impact of SEK 653 M. For the full year 2025, net sales amounted to SEK 81,641 M. Adjusted operating income amounted to SEK 10,856 M, corresponding to an adjusted operating margin of 13.3%.
Melker Jernberg, head of Volvo CE, said, “This has been a positive quarter, driven by increased sales of recently launched products and higher revenue from our services business. Customer response to our new equipment has been strong across key markets, while our solutions offerings continue to gain traction. We enter the new year with solid momentum and a clear focus on driving the industry’s transformation forward.”
