Reduced market demand saw Volvo Construction Equipment’s sales dip 4% and order intake fall 9% in Q3 2019, compared to the same period of 2018.
The Swedish industry giant posted net sales of SEK 17, 921 million (€1.656bn) between 1 July and 30 September (SEK 18,598mn/€1.719bn in 2018). The Volvo Group business division’s operating income for the quarter was SEK 2,180mn (SEK 2,587mn/€239.1mn in Q3 2018), corresponding to an operating margin of 12.2% (13.9% in Q3).
While overall Volvo CE order intake de