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July 19, 2016

Volvo Group boosts Q2 profit and margin

Truckmaker Volvo Group boosted second quarter operating margin to 7.8% from 7.1% a year ago as sales fell 7% to SEK78.9bn (US$9.21bn). Operating income increased to SEK6.1bn from SEK6bn.

Truckmaker Volvo Group boosted second quarter operating margin to 7.8% from 7.1% a year ago as sales fell 7% to SEK78.9bn (US$9.21bn). Operating income increased to SEK6.1bn from SEK6bn.

The operating margin excluded a provision of SEK2,334m related to an EU competition investigation in the second quarter, restructuring charges of SEK799m and a capital gain of SEK2,137m from the sale of Eicher Motors shares in Q2 2015.

Currency movements had a negative impact on operating income of SEK317m.

Operating cash flow in the industrial operations was a positive SEK6.9bn (versus SEK8.6bn in Q2 2015).

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