Finance

Business growth remains high on the African boardroom agenda despite economic and socio-political headwinds

man 319286 1920PwC’s Africa Business Agenda report shows that 85 per cent of African CEOs are confident in their own company’s prospects for revenue growth over the next 12 months 

Hits: 2262

Read more ...

PwC: Africa’s CEOs seize the opportunities that uncertainty brings

dion shangoCEOs will need to focus on their business strategies and processes and will be expected to play a part in the broader community

Hits: 3002

Read more ...

Africa presents a mixed foreign direct investment picture in EY Africa Attractiveness report

EY 1Egypt, Kenya, Morocco, Nigeria and South Africa collectively attracted 58 per cent of the continent’s total FDI projects in 2016

Hits: 3160

Read more ...

Swaziland reaches the top in African economic freedom index

View west near Piggs Peak in SwazilandThe latest rankings in the 2017 Index of Economic Freedom by The Heritage Foundation shows people living in countries with low trade barriers are better off

Hits: 3659

Read more ...

Volvo Construction Equipment sales increase 30 per cent in first quarter

Volvo BM L60F AvestaBolstered by improving market conditions and the positive impact of its transformation program, Volvo Construction Equipment saw sales increase by 30 per cent in the first quarter of 2017


Improving market conditions in all regions except South America helped Volvo Construction Equipment (Volvo CE) report strong growth in sales, profitability, order intake and deliveries in the first quarter of 2017. 

“After years of tough market conditions, the Volvo CE business is growing again,” commented Volvo CE’s president Martin Weissburg. “Higher sales volumes linked with increased internal efficiency and a lower cost base helped us deliver good profitability levels during the quarter. Volvo CE is on the right track, the improvement plan is yielding results and there are further opportunities to improve the long-term competitiveness of the company.”

During the first three months of 2017 Volvo CE saw net sales jump by 30 per cent to SEK 16,163 M (SEK 12,452 M in Q1 2016). Operating income was also positively impacted, rising to SEK 1,617 M, up significantly compared to SEK 341 M in the first quarter of 2016. Operating margin also saw good improvement, at 10 per cent, compared to 2.7 per cent in the same period the year before.

In the first quarter of 2017 Volvo CE also enjoyed an increase in order intake, which rose by 34 per cent to 17, 487 machines, with increases in orders coming from all markets, but particularly China and Europe. Deliveries were also up 34 per cent during the period, to 16,369 machines.

Hits: 3875

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

twn Are you sure that you want to switch to desktop version?