First quarter 2012

The Volvo Group Report on first three months 2012 was published on April 26, 2012 at 7.30 AM CET
First quarter 2012

Stable first quarter

During the first quarter of 2012, the Volvo Group’s sales development continued to be strong. Net sales rose by 10% to SEK 78.8 billion and was the highest so far for a first quarter. The operating income of SEK 6.2 billion was on par with the year-earlier period, adjusted for the nonrecurring items that impacted the first quarter of both this year and last year. The 7.9% operating margin was somewhat lower than in 2011, and was primarily the result of a changed market mix.

- Olof Persson, President and CEO -