Second quarter 2012
Net sales increased to SEK 83.9 billion with an operating margin of 8.7%
The Volvo Group’s sales continued to grow during the second quarter. Net sales rose by 6% to SEK 83.9 billion – representing the highest sales so far for a second quarter. Operating income totaled SEK 7.3 billion, which includes a positive impact of SEK 495 M as a result of VAT credits in Brazil. The operating margin of 8.7% is slightly lower than the year-earlier quarter, due primarily to a change in market mix.
- Olof Persson, President and CEO -
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.
Conference call for investors and analysts
The Volvo Group was represented by CEO Olof Persson.