Third quarter 2013
Changeover to new product generations impact earnings
During the third quarter, the Volvo Group’s net sales decreased by 5% to SEK 64.9 billion. Operating income amounted to SEK 2,502 M excluding restructuring charges of SEK 104 M. Operating income was negatively impacted by changes in currency exchange rates as well as costs related to the launch of new trucks, changeovers to the new trucks in the industrial system and parallel production of new and old generations of trucks. Operating margin in the third quarter was 3.9% excluding restructuring charges.
- Olof Persson, President and CEO -