“In the first quarter the Volvo Group increased its net sales by 16% to SEK 89.1 billion with good demand in most markets globally. Our operating income amounted to SEK 8.3 billion (6.8) with a corresponding margin of 9.3% (8.9). Earnings in Construction Equipment continued to increase strongly while Trucks was on par with last year. It is a good result, but we are still not satisfied,” says Martin Lundstedt, President and CEO.
Earnings in Construction Equipment continued to increase strongly while Trucks was on par with last year. It is a good result, but we are still not satisfied,” says Martin Lundstedt, President and CEO.
- In Q1 2018 net sales increased by 16% to SEK 89.1 billion (76.9). Adjusted for currency movements and acquired and divested units sales increased by 19%.
- Both adjusted and reported operating income amounted to SEK 8,297 M (6,834), corresponding to an operating margin of 9.3% (8.9).
- Currency movements had a negative impact on operating income of SEK 730 M.
- Operating cash flow in the Industrial Operations amounted to SEK 1.5 billion (1.5).
- In April, Volvo Trucks premiered its new all-electric medium-duty truck, the Volvo FL Electric.
