Volvo CE Sees Sales Dip in the Third Quarter

With momentum slowing after a long period of strong demand, Volvo Construction Equipment saw sales slow by 4% in its third quarter of 2019. The long period of strong demand growth in the market for construction equipment came to an end in the third quarter of 2019, with Volvo Construction Equipment (Volvo CE) reporting a modest decrease in sales and operating income. The company continued its R&D efforts during the period and used the quarterly results to announce the next phase of its program to launch an autonomous electric hauler.  Net sales in the third quarter decreased by 4% to SEK 17,921 M (18,598). Operating income was also slightly down, at SEK 2,180 M, compared to SEK 2,587 M in the corresponding period in 2018. This equated to an operating m