Fourth quarter and full year 2019
“2019 was another good year for the Volvo Group. We grew net sales by 11% to SEK 432 billion and improved our adjusted operating income to SEK 47.9 billion (40.7), with a margin of 11.1% (10.4). During the year we also continued to increase our financial strength.
With an operating cash flow of SEK 38.3 billion, we ended the year with a net cash position of SEK 62.6 billion in the Industrial Operations, excluding pension and lease liabilities. Our increased profitability and strong financial position allow us to invest in our future as well as return cash to our shareholders,” says Martin Lundstedt, President and CEO.
Press and Analysts Conference 9.00 a.m. CET
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 and Executive Vice President Group Finance and CFO Jan Ytterberg.
The conference was also webcast.
Access the webcast.
SE: +46 8-519 993 85
Conference Reference: 301307898#
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