Fourth quarter and full year 2011
Strong ending to record year
The Volvo Group’s strong trend continued during the fourth quarter of 2011. Sales rose in all regions, profitability improved and cash flow was strong. Net sales of SEK 86.5 billion for the fourth quarter were 18% higher, year-on-year. Operating income rose to SEK 6,955 M (5,518), with an operating margin of 8.0% (7.5). The improved results were primarily due to higher sales. The operating cash flow in the industrial operations amounted to SEK 10.7 billion (15.1).
- Olof Persson, President and CEO -
Press conference 09.00 AM CET
A press conference was held at Tändstickspalatset, (Västra Trädgårdsgatan 15) in Stockholm at 09.00 AM CET. The Volvo Group was represented by CEO Olof Persson.
Inpact from new accounting rules as of 2013
Conference call for investors and analysts 2.30 PM CET
The Volvo Group was represented by CEO Olof Persson.