Volvo CE records 13% y-o-y increase in Q2 sales

24 Jul 2021 CW Team

Volvo Construction Equipment reported a 13 % increase in net sales in Q2 compared to the same period last year, owing to higher volumes in North America, Europe, and South America.

Net sales increased by 21% year over year after accounting for currency fluctuations. All companies' Q2 year-over-year (y-o-y) results will be compared to the height of the pandemic during the same quarter last year.

Except for China, which experienced a slight downturn after its Q1 surge, Volvo CE said all markets increased year-over-year during the quarter. Infrastructure spending and housing construction activity drove a 35 % increase in unit volume in the company's North American markets.

A 35 % increase in global order intakes, led by Volvo-brand products, has been attributed to increased consumer confidence and increased infrastructure investment. The slowdown in the Chinese market had an impact on the company's SDLG brand.

While maintaining a steady recovery from last year's challenges remains a top priority, Volvo CE president Melker Jernberg said the company's innovation journey has continued this quarter with several exciting launches, including a 50-ton excavator and the first dedicated Fuel Cell Test Lab.

Volvo CE told the media that Large and medium-sized machines continue to outsell compact machines.

Volvo Construction Equipment, or Volvo CE, is a major international company that designs, manufactures, and markets construction and related industrial equipment. It is a Volvo Group subsidiary and business area.

Wheel loaders, articulated haulers, hydraulic excavators, motor graders, soil and asphalt compactors, pavers, skid steers, backhoe loaders and milling machines are among Volvo CE's products. Volvo CE is produced in several countries, including the United States, Brazil, Scotland, India, China, Sweden, France, Germany, Poland, Russia, and South Korea.

Image Source

Also read: Volvo launches EC530E and EC550E, the company’s biggest excavators

Volvo Construction Equipment reported a 13 % increase in net sales in Q2 compared to the same period last year, owing to higher volumes in North America, Europe, and South America. Net sales increased by 21% year over year after accounting for currency fluctuations. All companies' Q2 year-over-year (y-o-y) results will be compared to the height of the pandemic during the same quarter last year. Except for China, which experienced a slight downturn after its Q1 surge, Volvo CE said all markets increased year-over-year during the quarter. Infrastructure spending and housing construction activity drove a 35 % increase in unit volume in the company's North American markets. A 35 % increase in global order intakes, led by Volvo-brand products, has been attributed to increased consumer confidence and increased infrastructure investment. The slowdown in the Chinese market had an impact on the company's SDLG brand. While maintaining a steady recovery from last year's challenges remains a top priority, Volvo CE president Melker Jernberg said the company's innovation journey has continued this quarter with several exciting launches, including a 50-ton excavator and the first dedicated Fuel Cell Test Lab. Volvo CE told the media that Large and medium-sized machines continue to outsell compact machines. Volvo Construction Equipment, or Volvo CE, is a major international company that designs, manufactures, and markets construction and related industrial equipment. It is a Volvo Group subsidiary and business area. Wheel loaders, articulated haulers, hydraulic excavators, motor graders, soil and asphalt compactors, pavers, skid steers, backhoe loaders and milling machines are among Volvo CE's products. Volvo CE is produced in several countries, including the United States, Brazil, Scotland, India, China, Sweden, France, Germany, Poland, Russia, and South Korea. Image Source Also read: Volvo launches EC530E and EC550E, the company’s biggest excavators

Real Estate

29 Oct 2025

iWO(R)K

It is commonly believed that technology is the key differentiator between a smart and an ordinary workspace. While that is true on one level, it isn’t the whole truth. Conceptually, smartness as associated with an office has evolved from technological novelty to holistic sustainability, workplaces that not only perform but also inspire, explains Dikshu Kukreja, Managing Principal, CP Kukreja Architects. “A truly smart workplace is not simply a matter of embedding devices or automated systems; it is about creating an ecosystem that balances digital intelligence, ecological sensiti..

Technology

29 Oct 2025

Bentley’s AI-Driven Infrastructure Vision

Kaushik Chakraborty, Senior Vice President, Asia Pacific & Japan, Bentley Systems, shares with PRATAP PADODE, Editor-in-Chief, CW, how Bentley is reshaping infrastructure. Through AI, model-centric workflows and innovation, technology is helping deliver projects faster, greener and more efficiently across regions.How does Bentley’s global strategy ensure its solutions meet diverse infrastructure needs?Bentley’s technology is designed to scale globally. Projects large and small – from a hotel in Udevo to a 350-km highway in Australia – demonstrate that technology is no bar..

Equipment

29 Oct 2025

Handling the Bottom Line

In a highly competitive construction environment, efficient material handling is “the silent engine of profitability”, to quote Vaibhav Kulkarni, General Manager Projects, JP Infra Realty. “It’s not just about moving materials from A to B but developing a strategy to minimise touchpoints, reduce waste and maximise spends.”Planning stageBefore investing in material, Kulkarni recommends designing the material flow. “Map the journey of major materials from the delivery point to their final placement,” he recommends. While doing this, “minimise double-handling and identif..