Volvo Construction Equipment (Volvo CE) reported a sharp increase in sales and profitability in 2010, amid improving conditions for the industry. The company increased its unit sales by 70 per cent - selling an all-time-high of 66,000 machines during the year. For the full year 2010, Volvo CE's sales increased by 51 per cent to SEK 53,810 mn compared to SEK 35,658 mn in 2009. Operating income, meanwhile, leapt to SEK 6,180 mn, up from a loss of SEK 4,005 mn in the preceding year. Operating margin also improved considerably, up to 11.5 per cent in 2010 compared to a negative margin of 11.2 per cent in the year before. Olof Persson, CEO, Volvo CE said, "The gradual improvement in Europe continues and North America is now definitely recovering, at the same time as the emerging economies continue their strong growth."