Second quarter 2011
Improved profitability in the second quarter of 2011
During the second quarter, the Volvo Group’s sales continued to grow as an effect of a continued recovery in the Group’s mature markets and continued strong demand in emerging markets. Consolidated sales grew 15% compared with the second quarter of 2010 and amounted to SEK 79 billion. Operating income amounted to SEK 7.6 billion with an operating margin of 9.7%.
- Leif Johansson, President and CEO -