Volvo CE Reports Steady Results in Q2 2025

Gothenburg, Sweden - Volvo Construction Equipment (Volvo CE)., a construction equipment manufacturer, has reported solid performance in the second quarter of 2025, despite facing ongoing challenges in Europe and North America. The company has also unveiled several strategic initiatives aimed at strengthening its global presence and boosting earnings resilience.

In Q2 2025, Volvo CE’s net sales dropped 6%, though they raise 2% when adjusted for currency. Machinery sales grew 2% while service sales stayed flat, and adjusted operating income with a 13.1% margin. Despite lower sales in Europe and North America, order intake jumped 24%, driven by a 26% rise in Volvo-branded machines, mainly in Europe and Asia. Deliveries also increased by 11% compared to last year.

Mr. Melker Jernberg, Head of Volvo CE, said, “At a time of market uncertainty, we focus on staying closer to our customers than ever before, while maintaining a solid performance and investing in the future. These strategic agreements not only help us to meet growing customer demand, but with the addition of Swecon, our ambition is to own and manage the majority of our construction business in Europe, strengthening our total solution sales capabilities and service business in the region.”

Globally, the total machine market grew year-on-year, though Europe and North America each saw a 10% drop due to saturated demand and economic uncertainty. In contrast, government stimulus drove a 26% market boost in China, while South America rose by 8% on improved sentiment in Argentina and Peru. Asia (excluding China) also grew by 6%, supported by demand from Southeast Asia, the Middle East, Turkey, and India.

Despite headwinds in some mature markets, Volvo CE’s strategic investments and growing order intake position the company to navigate the current environment while preparing for future growth.

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