Third quarter 2016
Maintained margins despite declining sales – continuous improvements and cost control in focus
“In the third quarter, profitability improved slightly as better underlying performance offset the impact from lower volumes. Sales decreased by 6% to SEK 69 billion. The adjusted operating income amounted to SEK 4.8 billion, corresponding to an operating margin of 7.0% due to a positive cost development and a strong European truck market,” says Martin Lundstedt, President and CEO.
Press and Analysts Conference 9.00 a.m. CEST
A press conference was held at Tändstickspalatset, Västra Trädgårdsgatan 15 in Stockholm at 9.00 a.m. CEST. The Volvo Group was represented by President and CEO Martin Lundstedt and Deputy CEO and CFO Jan Gurander.
The conference was webcasted. Access the webcast.
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