First quarter 2017
The Volvo Group Report on first three months 2017 was published on April 25 2017 at 7.20 a.m. CEST.
April 25, 2017Time
7:20 am CESTLocation
Tändstickspalatset, Västra Trädgårdsgatan 15, Stockholm
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Continued improved profitability
“In the first quarter, both the Group’s sales and profitability increased. Net sales increased by 8% and amounted to SEK 77.4 billion. Volumes of heavy-duty and medium-duty trucks were down by 4%, which was off-set by 34% higher volumes of construction equipment. The Group’s adjusted operating income improved to SEK 7.0 billion, with earnings improvements coming from all business areas and with the most significant impact from Trucks and Volvo CE. The adjusted operating margin was 9.1%,” says Martin Lundstedt, President and CEO.
Press and Analysts Conference 9.00 a.m. CEST
A press conference was held at Tändstickspalatset, Västra Trädgårdsgatan 15 in Stockholm at 9.00 a.m. CEST. The Volvo Group was represented by President and CEO Martin Lundstedt and Deputy CEO and CFO Jan Gurander.