Volvo Group strengthened profitability during third quarter

The Volvo Group continued to strengthen its profitability in the third quarter of 2015. Operating income excluding restructuring charges amounted to SEK 5.1 billion. This is an improvement of 75% compared with the corresponding quarter in 2014 and the operating margin improved by 2.6 percentage points to 6.9%. Sales amounted to SEK 73.3 billion, which was an increase of 9%. Adjusted for currency movements, sales increased by 1%.

• In the third quarter net sales increased by 9% to SEK 73.3 billion (67.2). Adjusted for currency movements and acquired and divested units sales increased by 1%.
• Operating income amounted to SEK 5,087 M (2,908) excluding restructuring charges of SEK 434 M (659). Currency exchange rates had a positive impact of SEK 831 M.
• The operating margin excluding restructuring charges amounted to 6.9% (4.3).
• Operating cash flow in the Industrial Operations amounted to SEK –3.3 billion (0.9).
• Truck order intake decreased by 15% and order intake of construction equipment decreased by 34%.

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