Volvo CE reports 6% rise in Q4 sales

Volvo Construction Equipment’s (Volvo CE) financial results have shown a strong recovery in the fourth quarter of 2020, with sales increasing by 6% compared to the same period in 2019. The manufacturer said that it had “recovered well” after the steep drop in demand at the start of the pandemic.

The fourth quarter of 2020 saw the company’s net order intake increase by 31%, as result of “improving activity in most markets and dealer restocking”. Order intake in Europe increased by 20% for the last quarter of the year, but fell by 18% in North America when compared to 2019. In South America order intake was up 182%, up from low levels in most markets.