A slowly recovering global market helped Volvo Construction Equipment round off 2013 with sales up by three per cent in the fourth quarter, deliveries up by nine per cent and an improved market share, especially in compact equipment, while demand in the mining segment remains soft. In the fourth quarter of 2013, Volvo CE reported that net sales increased by three per cent to SEK 13,005 compared to SEK 12,572 in the same period of the preceding year. When adjusted for currency movements, net sales increased further to six per cent. These improved figures are largely due to higher sales of smaller equipment, helping to boost deliveries by nine per cent during the quarter. Demand for larger machines, especially in the mining segment, remains subdued, however.
Operating income was up by 16 per cent during the period, at SEK 272 million, compared to SEK 235 million in the same period of the previous year. Operating margin also saw improvements in the fourth quarter, at 2.1 per cent, up from 1.9 per cent in Q4 2012.