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 -