Third quarter 2011
Higher operating income in the third quarter of 2011
During the third quarter of 2011, demand remained favorable in most of the Volvo Group’s markets. Sales rose to SEK 73.3 billion. Operating income improved to SEK 5.8 billion, compared with SEK 4.9 billion in the year-earlier period, corresponding to an operating margin of 7.9% (7.7). The operating cash flow in the industrial operations during the seasonally weak third quarter amounted to SEK 2.2 billion, which was considerably better than the year-earlier period.
- Olof Persson, President and CEO -