Truck maker Volvo Group said second quarter 2021, demand for its products and services “continued to be good”.

Sales reached SEK90.6bn (up 24% year on year) and adjusted operating income of SEK 9.7bn compared with SEK3,272bn in pandemic hit Q2 2020.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

“In a quarter when shortages of semiconductors as well as other production materials resulted in substantial production stoppages affecting both volume and costs negatively, we achieved an adjusted operating margin of 10.7%,” said president and CEO Martin Lundstedt.

Reported operating income was SEK11,384m (SEK388m).

Currency movements hit operating income by SEK1,532m and earnings per share returned to black ink at SEK4.38 (SEK-0.14).

Operating cash flow improved to SEK5,932m from SEK-5,718m.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The group sold UD Trucks on 1 April and distributed proceeds of SEK19bn to shareholders this month.