Wed April 22, 0201 - National Edition
Volvo Construction Equipment
During the first three months of 2021 Volvo CE saw net sales increase by 23 percent to SEK 24,742 M (SEK 20,148 M in Q1 2020) – slightly higher than the same period in 2019 before the pandemic hit. At SEK 3,822 M operating income also rose, up from SEK 2,678 M in the same period of 2020.
Due to a strong recovery in the second half of last year driven by high activity level in the infrastructure segment and improved construction activity,
Volvo Construction Equipment (Volvo CE) has seen overall demand in Q1, 2021 increase sharply from the same period last year, with order intake also rising by 73 percent.
April 22, 2021
Citing strong second-half 2020 recovery and rising global infrastructure demand,
Volvo Construction Equipment says it realized a 23% Q1 net sales increase over the same period last year. This puts the quarter slightly higher than the pre-pandemic Q1 2019. Order intakes for the quarter are also in sharp rise, showing a 73% increase.
Leading the way in global demand was China, Volvo CE says. Governmental infrastructure investments there along with sales increases in all global markets helped Volvo reverse Covid-19 s negative impact, the company says. Volvo CE also saw worldwide deliveries increase by 53% in Q1. Deliveries across all regions rose, led by demand for large and medium-sized machines.
A strong recovery in the second half of 2020, driven by increased activity in both infrastructure and construction, has propelled demand for equipment, according to Volvo Construction Equipment (Volvo CE). Low dealer inventory levels and the need to restock also contributed to an increase in order intake. Deliveries across all global regions increased, led by demand for large and medium-sized machines. The result was a 23% increase in Q1 2021 net sales for the company, and a significant 73% increase in order intake for the quarter.
During the first three months of 2021, Volvo CE saw net sales grow to SEK 24,742 M compared to SEK 20,148 M in Q1 2020, and slightly higher than the same period in 2019. Operating income rose to SEK 3,822 M, up from SEK 2,678 M in the same period of 2020.
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Worldwide Forestry Equipment Industry to 2026 - Increasing Automation to Boost the Forestry Equipment Demand - ResearchAndMarkets.com
April 20, 2021 GMT
DUBLIN (BUSINESS WIRE) Apr 20, 2021
The forestry equipment market is expected to register a CAGR of 4.75% over the forecast period of 2021 - 2026.
According to New Zealand’s Ministry for Primary Industries, Forestry is New Zealand’s third-biggest export industry, after dairy and meat, accounting for around USD 5 billion a year, and 3.2% of the country’s gross domestic product. ATS Logging Limited is using six Volvo Construction Equipment (Volvo CE) excavators at three plantation forests across New Zealand, which are helping the industry to meet its target of USD 12 billion in forest and wood product exports by 2022, set by the Wood Council of New Zealand.