Volvo Group – the second quarter 20167/19/16
• In Q2 2016 net sales decreased by 7% to SEK 78.9 billion (84.8). Adjusted for currency movements and acquired and divested units sales decreased by 3%.
• Operating income in Q2 2016 amounted to SEK 6,130 M (5,979), corresponding to an operating margin of 7.8% (7.1), excluding a provision of SEK 2,334 M related to the EU competition investigation in Q2 2016 and restructuring charges of SEK 799 M and a capital gain of SEK 2,137 M from the sale of shares in Eicher Motors Limited in Q2 2015.
• Currency movements had a negative impact on operating income of SEK 317 M.
• Operating cash flow in the Industrial Operations was positive in an amount of SEK 6.9 billion (8.6).
Press and Analyst Conference. An on-line presentation of the report, followed by a question-and-answer session will be webcast starting at 9.00 CEST. More information under Interim reports on www.volvogroup.com
Aktiebolaget Volvo (publ) 556012-5790 Contacts Investor Relations:
Investor Relations, VHQ Christer Johansson +46 31 66 13 34
SE-405 08 Göteborg, Sweden Anders Christensson +46 31 66 11 91
Tel +46 31 66 00 00 Anna Sikström +46 31 66 13 36
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This information is information that AB Volvo (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 7.20 a.m. CEST on July 19, 2016.