Volvo Group - Second quarter 2016
Improved underlying profitability on lower volumes
In the second quarter we were able to continue the improvement of our underlying profitability despite declining sales, thanks to positive cost development. Sales decreased by 7% to SEK 78.9 billion. Despite this, the underlying operating income increased to SEK 6.1 billion, corresponding to an operating margin of 7.8%.
- 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 CEO Martin Lundstedt.
The conference was webcast:
Access the webcast
SE: +46 85 664 26 38
Conference Reference: 674026#