Second quarter 2022
“The Volvo Group continued to perform well in Q2 2022 with strong growth and improved profitability. We increased our net sales by 31% to SEK 118.9 billion with good momentum both in the sales of vehicles and in the service business. The adjusted operating income rose to SEK 13.7 billion (9.7) and we achieved an adjusted operating margin of 11.6% (10.7). Also in this quarter, we have had extra costs related to supply chain disruptions as well as higher costs for material and have continued to work proactively and successfully with price management to mitigate these effects. Our return on capital employed reached 26.8% (23.4),” says Martin Lundstedt, President and CEO.
Conference call for investors and analysts 09.00 a.m CEST.
Volvo Group was represented by President and CEO Martin Lundstedt and CFO Tina Hultkvist.
An online presentation of the report, followed by a question-and-answer session, was webcast at 9.00 a.m. CEST. Access the replay.
SE: +46 (0) 8 505 137 12
Replay code: 7004746
Follow us on Twitter: