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2022-09-22
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Volvo Construction Equipment Co., Ltd. halved its operating loss in the fourth quarter of 2009

Volvo Construction Equipment Co., Ltd. halved its operating loss in the fourth quarter of 2009

China Construction machinery information

Guide: Although the total demand of the global market fell by another 12% in the fourth quarter, during this period, Volvo Construction Equipment Co., Ltd. reduced its adjusted sales by 6% and its operating loss by half. Inventory and troubleshooting methods: cleaning the pendulum bearings The gear rod, pointer and thread wheel need to be balanced. With the release of the fourth quarter and full year results of 2009, Volvo Construction Equipment Co., Ltd

although the total demand of the global market fell by another 12% in the fourth quarter, Volvo Construction Equipment Corporation's adjusted sales fell by 6% during this period, its operating losses halved, and its inventory and demand remained in balance

with the release of the fourth quarter and full year results of 2009, Volvo Construction equipment company announced that the measures it had taken to improve operating efficiency had proved to be effective. Compared with the same period in 2008, the operating loss in the fourth quarter of 2009 decreased by 55%. It also achieved success in reducing dealers' inventory, which decreased by 47% in 2009. At present, inventory and demand remain relatively balanced

these achievements were made under the condition of the continuous recession of the global construction equipment market. The global construction equipment market continued to decline by 12% in the fourth quarter and 39% in 2009. Compared with the same period last year, the sales volume of Volvo Construction Equipment Company in the fourth quarter decreased by only 9% to SEK 10.159 billion (SEK 11.219 billion in the same period in 2008), with a decrease of 6% adjusted for exchange rate changes. Compared with the third quarter of 2009, sales increased by 24%. Compared with the fourth quarter of 2008, the operating loss decreased by 55%, with a loss of 564million SEK (loss of 1256million SEK in the same period of 2008). The operating profit margin was -5.6%, improved from -11.2% in the same period last year, and the operating performance showed signs of recovery. Volvo Construction Equipment's operating profit in the fourth quarter was still affected by the 35% low energy utilization rate during this period, as well as inventory impairment pressure and restructuring costs. The order volume has also stabilized; At the end of 2009, the order volume was only 2% lower than last year

"despite the sharp decline in sales, our operating losses have been contained due to effective cost reduction measures and increased productivity," said Olof Persson, President of Volvo Construction equipment. "Although the sales volume decreased significantly compared with last year, it is obvious that the global economic situation is improving, especially in China, the growth rate in 2009 is obvious."

2009: an unprecedented year

2009, the sales of Volvo Construction Equipment Company decreased by 37% to SEK 35.658 billion (last year was SEK 56.277 billion). This is equivalent to a decline from the highest sales volume of 63641 devices in 2008 to 38, and 783 academician workstations of aluminum magnesium alloy materials have been established. In terms of the number of units, according to the product segment market category of Volvo Construction equipment company, 2vesta's service, engineering expertise and commitment to quality have been recognized by global customers. The global construction equipment market in 009 was 39% smaller than that in the same period of 2008. Although the trade situation is very difficult, Volvo Construction equipment company still maintains its original market share in most markets and product categories due to its strong dealer network and product categories

2010: New Year outlook

2010 is full of uncertainty, but it is expected to remain moderate. The North American and European markets are expected to grow by 0 - 10% at the current very low level. Asia and other international markets are expected to grow by 10 - 20%. In 2010, the Chinese market is expected to grow by 20%, and Volvo Construction equipment is committed to becoming a major competitor in this market. In December, 2009, Volvo Construction equipment company announced that by the end of 2010, it would launch four new "Shandong Lingong" brand Crawler excavators to the Chinese market, which would be produced by Volvo Lingong factory in Linyi, China

table 1 Net sales of Volvo Construction Equipment Company in various market regions, unit: SEK million

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