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Monday, October 25, 2010

Volvo upbeat as it posts third quarter profit

In the three months to the end of September, Volvo Construction Equipment increased sales by 55% to £1.2bn (from £792m) and its order book was 81% higher than on the same date in 2009.

There was also a substantial reversal of its operating performance with last year's third quarter loss of £76.3m turned into a profit of £129m - representing a 10.5% operating margin.

Volvo said the total world market for heavy, compact and road building machinery increased 31% in the third quarter, lead

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