• 23-APR-2010

Volvo Group Announces Q1 2010 Financial Results, Sales Up 12%

During the first quarter of 2010, the Volvo Group's sales amounted to SEK 58.6 billion, which adjusted for currency was a 12% increase compared with the year-earlier period. Operating income improved considerably to SEK 2.8 billion, compared with a loss of SEK 4.5 billion in the same quarter in the preceding year. All of the Group's business segments were profitable. The operating margin rose to 4.8% as a consequence of the actions taken to reduce the Group's costs and as an effect of improved capacity utilization and productivity in the industrial system. Available video includes Volvo Group's facilities and products shots.