Volvo Group Holds Steady in Second Quarter
July 22, 2024
The group overall had net sales of $13.13 billion, on par with last year, but Volvo Penta continued to experience declines.
The group overall had net sales of $13.13 billion, on par with last year, but Volvo Penta continued to experience declines.
The company will offer rebuilt D13, D8, D4 and D6 engines, plus complete propulsion packages from remanufactured IPS drivelines.
The Certified Uptime Dealer program recognizes dealers that adopt a standardized process to provide rapid resolution for equipment repairs.
For Volvo Penta, demand for engines declined, and net order intake decreased 33%, with deliveries down 18%.
Net sales were up 10% for the group and up 2% for Volvo Penta, which includes the marine segment.
Anna Müller is also a member of Volvo Group management. She replaces Heléne Meliquist, who is leaving to join an investment company.
Few innovations have changed boating quite like Volvo Penta’s IPS propulsion.
The diesel-electric system, installed on a Jeanneau NC37, provides an electric-only range of 15 nautical miles at 5 knots.
Net sales rose 25% to $12.7 billion, and the Volvo Penta division posted a 33% gain to $4.2 billion.
The Volvo Penta parent posted FY22 sales of $45.2 billion, with the marine segment delivering 17,924 engine units.
The group overall had net sales of $13.13 billion, on par with last year, but Volvo Penta continued to experience declines.
The company will offer rebuilt D13, D8, D4 and D6 engines, plus complete propulsion packages from remanufactured IPS drivelines.
The Certified Uptime Dealer program recognizes dealers that adopt a standardized process to provide rapid resolution for equipment repairs.
For Volvo Penta, demand for engines declined, and net order intake decreased 33%, with deliveries down 18%.
Net sales were up 10% for the group and up 2% for Volvo Penta, which includes the marine segment.
Anna Müller is also a member of Volvo Group management. She replaces Heléne Meliquist, who is leaving to join an investment company.
Few innovations have changed boating quite like Volvo Penta’s IPS propulsion.
The diesel-electric system, installed on a Jeanneau NC37, provides an electric-only range of 15 nautical miles at 5 knots.
Net sales rose 25% to $12.7 billion, and the Volvo Penta division posted a 33% gain to $4.2 billion.
The Volvo Penta parent posted FY22 sales of $45.2 billion, with the marine segment delivering 17,924 engine units.
