Third quarter 2017
Report on the third quarter 2017 was published on October 20, 2017 at 7.20 a.m. CEST.
October 20, 2017Time
7:20 am CESTLocation
Tändstickspalatset, Västra Trädgårdsgatan 15 in Stockholm
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Sales increase and continued profit improvement
In the third quarter both the Volvo Group’s sales and profitability continued to increase. Net sales increased by 12% to SEK 77 billion, with growth in all our businesses. We improved our profitability with Volvo Construction Equipment as the main contributor. Adjusted operating income improved to SEK 7.0 billion (4.8), corresponding to an adjusted operating margin of 9.1% (7.0). From an overall perspective, market demand is strong, as evidenced by a 32% increase in truck orders and 45% in construction equipment orders.
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.
SE: +46 85 664 26 38
Conference Reference: 691615#