VOLVO Construction Equipment has announced the business achieved growth across both machines and services in the first three months of 2026, with deliveries increasing by 12% during the period.
South America, Africa and Oceania, as well as Asia outside of China saw increases, while North America was at the same level as the previous year. Europe and China contracted somewhat.
In Q1 2026, net sales decreased by 13% to SEK 18,305 M as a consequence of the divestment of SDLG. Volvo reported organic sales growth was 14%, of which net sales of machines increased by 16% and service sales increased by 7%.
Melker Jernberg, president of Volvo CE, said, “In spite of ongoing headwinds, this has been a positive start to the year, driven by increased deliveries of machines and a strong product mix that has enabled us to increase our share of the market for haulers and large excavators. We continue to grow our parts and services businesses. We take this momentum into the second quarter, maintaining our focus on delivering a solid full-year performance and on advancing the transformation of our industry.”
