Volvo CE reports global sales growth of 11% in Q1

Construction equipment manufacturer Volvo CE has reported an increase of 11% in its global sales for the first quarter of 2023, compared with the same period in 2022.

The multinational, headquartered in Gothenburg, Sweden, said it was maintaining good profitability on machine sales and benefitting from a favourable product mix, which was more than offsetting slightly lower volumes and the impact of increased material costs.