Volvo Construction Equipment has reported a positive first quarter as machine sales and services increase by 12% on the same period Q1 2025.
"In spite of ongoing headwinds, this has been a positive start to the year, driven by increased deliveries of machines and a strong product mix that has enabled us to increase our share of the market for haulers and large excavators," said Volvol CE president Melker Jernberg.
He said the company aims to continue the momentum into the second quarter, despite fluctuating machine market conditions. While South America, Africa and Oceania saw increased market demand, Europe and China contracted somewhat. North American demand maintained 2025 levels.
"The North American market continued to show good resilience supported by investments in data centres, energy infrastructure and the onshoring of manufacturing. South America expanded, driven by rebounds in Brazil, Argentina, and Peru with mining and heavy infrastructure leading the way," the company said in its Q1 report.
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The company reports a Q1 2026 net sales decrease of 13% to SEK 18,305M. Organic sales growth was 14%, of which net sales of machines increased by 16% and service sales increased by 7%.
