Volvo Group Q3 2017 net sales increased 12% to SEK77.2bn (SEK68.8bn a year ago).

Adjusted for currency movements and acquired and divested units, sales increased by 16%.

Adjusted operating income amounted to SEK7,024m (SEK4,846m), corresponding to an adjusted operating margin of 9.1% (7.0).

Adjusted operating income excluded a capital gain of SEK400m from the sale of the group's holding in Deutz in Q3 2017.

Adjusted operating income in Q3 2016 excluded a provision for the settlement with the European Commission of SEK190m.

Currency movements had a negative impact on operating income of SEK223m.

Operating cash flow in the Industrial Operations amounted to SEK0.6bn (SEK2.1bn).

Mack Trucks' new highway truck, Anthem, launched in North America during the quarter. 

"In the third quarter both the Volvo Group's sales and profitability continued to increase, with an especially strong performance in our construction equipment business. The quarter was also characterised by the completion of an historic upgrade of our North American truck lineup and further successes for our electric buses that continue to make inroads in new markets. From an overall perspective, market demand is strong, as evidenced by a 32% increase in truck orders and 45% in construction equipment orders," said Martin Lundstedt, president and CEO.

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