Volvo Group is reporting its 2017 second quarter net sales increased by 12% to 88.4 billion Swedish Kroner (SEK) from 78.9 billion in the previous corresponding period.
“The profitability continued to develop positively with an adjusted operating income of SEK 8.5 billion (6.1 billion in the prior period), which corresponds to an operating margin of 9.7% (7.8% in the previous cycle)” says Volvo Group president and chief executive officer Martin Lundstedt.
“All our business areas improved their operating income. Cash flow in the Industrial Operations was also high and amounted to SEK 11.9 billion (6.9),” says Lundstedt.
Volvo Group is reporting that currency movements had a positive impact on operating income of 350 million SEK while operating cash flow in the Industrial Operations amounted to 11.9 billion SEK (6.9 billion previously).
