Volvo Construction Equipment Ends 2023 with Healthy Sales

For the full year 2023, Volvo CE has achieved an increase in annual net sales from 2022, despite a drop in sales for the last quarter, impacted as it has been by a weaker market landscape across many regions in the world. While global machine sales are slowing across the industry, service sales for Volvo CE have risen. Europe, North America, Africa and Oceania are reporting steady but softening sales, while Asia and South America are seeing the biggest decline due to slower economic activity.

The company has continued its rollout of electric construction solutions and introduced zero-emission machines to new regions including Australia and UAE. In December, an agreement was reached for the Ammann Group to acquire Volvo CE’s global ABG Paver Business including ABG in Hameln, Germany.

“The progress and milestones we have made in 2023 will prepare us for the challenges of 2024. There is no doubt our industry is coming into the new year faced with a weaker market landscape, but now more than ever we will show our ability to perform for today while transforming for tomorrow.” said Melker Jernberg, President of Volvo CE.

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