Fourth quarter and full year 2016
Improved underlying performance on lower volumes
“2016 was a year with somewhat lower volumes. Our revenues declined by 3% to SEK 302 bn. Nonetheless, our profitability improved with an adjusted operating margin of 7.0% for the full year 2016. This reflects our ability to manage volume changes in different regions as well as continued cost reductions and productivity improvements. The fourth quarter followed the pattern of previous quarters with somewhat improved profitability on lower volumes. Adjusted operating income was SEK 5,660 M, corresponding to a margin of 6.9%,” says Martin Lundstedt, President and CEO.
Press and Analysts Conference
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 also webcasted. Access the webcast.
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Documents
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Fourth quarter and full year 2016 (ENG) File name Volvo_Q4_2016_eng.pdf Format PDF Size 917 KB
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Presentation material (ENG) File name Q4_2016_Pressconf_PUBL.pdf Format PDF Size 10 MB