Volvo Construction Equipment Quarterly Report: Q3 Sales Fall by 23%, Shandong Lingong China Performs Well

October 25, 2024

Recently，Volvo Construction Equipment Company Releases Third Quarter Results：During the reporting period, the company's global sales declined year-on-year. 23%To 188.0.9 billion Swedish kronor。Adjusted net sales decreased by 20 percent%，Net sales of equipment decreased by 24 percent%，However, service sales increased by 2%。

From a regional perspective，European market down 25%，North America down 9%，Asian markets excluding China declined slightly by 2 percent%，China Market Growth 5%。

On the net order quantity，Benefiting from South America 59%Substantial growth and Europe 44%The growth of，Net orders rose slightly.。

In terms of delivery volume，Due to the continued low demand in Europe and North America and the reduction of dealer inventory.，Global deliveries were lower than same period last year，Partially offset by increased deliveries of Shandong Lingong brand in China。

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Volvo Construction Equipment Quarterly Report: Q3 Sales Fall by 23%, Shandong Lingong China Performs Well

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