Volvo CE gross sales up 5% in 2019; will begin promoting electrical machines in February

Volvo says it’s going to begin taking orders on its electrical machines in February — together with the Volvo L25 electrical wheel loader seen right here at its 2019 Bauma introduction.

Volvo Development Gear studies that it noticed a 5 % gross sales achieve in 2019, regardless of a 3 % gross sales drop within the fourth quarter.

In 4Q 2019, web gross sales decreased by 3 % to SEK 19,716 million, in contrast with SEK 20,323 in 4Q 2018. (All quantities are reported in Swedish Krona.)

For the complete yr web gross sales elevated to SEK 88,606 million, up from SEK 84,238 million in 2018.

Volvo CE additionally introduced it’s going to begin taking orders for each electrical compact wheel loaders and compact excavators in February. Serial manufacturing is deliberate for Q3 2020.

Volvo CE in North America noticed order consumption leap by 40 % in 4Q 2019, which it attributed to vendor restocking. Total, the corporate noticed web order consumption enhance by 6 % throughout the quarter, pushed by demand for SDLG branded machines in China and Russia.

Order consumption in Europe declined by 5 %, regardless of a powerful enhance in Russia. Europe order consumption declined by 5 %, Asia (excluding China) was down by 17 %, and China was up by 14 %. Volvo CE says it continues to achieve market share in each wheel loaders and excavators in China.

Deliveries elevated by 4 % throughout the fourth quarter 2019, once more boosted by greater volumes in China and Russia on SDLG merchandise.

“2019 was one other yr of fine efficiency on a number of ranges,” says Melker Jernberg, president of Volvo CE. “We gained market share within the bigger tools class in North America and in Europe noticed good developments in gross sales, working earnings and money movement.”