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Volvo’s first quarter highlights
- 30th August 2008
- Materials Handling
Despite a shrinking North American market and cooling demand in Europe, Volvo Construction Equipment enjoyed a strong start to 2008.
The first fruits of its recent acquisitions and cost efficiency initiatives were on display in Volvo Construction Equipment's first financial quarter of 2008, with both sales and income leaping by 38% when compared to the same period in 2007.
Net sales in the first quarter amounted to SEK 15,140 M (SEK 11,002 M in Q1 2007). Operating income increased to SEK 1,301 M from SEK 946 M in the same period in 2007.
One particular highlight of the first quarter of 2008 for Volvo Construction Equipment was the unveiling of its first hybrid wheel loader. Demonstrated at the industry's Conexpo exhibition in Las Vegas in March, the L220F Hybrid boasts a 10% fuel saving and a range of environmental benefits. When deliveries begin in late 2009, it is expected to be the construction industry's first commercially available hybrid wheel loader. The L220F Hybrid received an enthusiastic reception from both customers and media alike for its enhanced performance, fuel efficiency and environmental benefits.
Volvo Construction Equipment Ltd
Duxford
Cambridge
CB2 4QX
UK
T: 01223 251720
F: 01223 832799