Second quarter 2018
Volvo Group - Report on the second quarter 2018 was published on July 19, 2018.
July 19, 2018Time
7:20 am CESTLocation
Tändstickspalatset, Västra Trädgårdsgatan 15, Stockholm
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A quarter with good sales growth and profit improvement
“Demand in our main markets was solid in the second quarter of 2018, and both our vehicle and service business continued to grow at a good pace. Our net sales increased by 18% to SEK 104 billion, we improved the adjusted operating income by SEK 3 billion to SEK 11.5 billion and we reached an adjusted operating margin of 11.1% (9.6). This is the first time that the Volvo Group’s sales have exceeded SEK 100 billion in a single quarter and it is also the first time the operating margin is above 10%,” 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.
The conference was also webcasted. Access the webcast.
SE: +46 85 664 26 38
Conference Reference: 697830#
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