GÖTEBORG, Sweden, July 19, 2017 /PRNewswire/ --"The Volvo
Group increased both sales and profitability during the second quarter. Compared with the second quarter last year, net sales
increased by 12% and amounted to SEK 88.4 billion. The profitability continued to develop
positively with an adjusted operating income of SEK 8.5 billion (6.1), which corresponds to an
operating margin of 9.7% (7.8). All our business areas improved their operating income. Cash flow in the Industrial Operations
was also strong and amounted to SEK 11.9 billion (6.9)," says Martin
Lundstedt, President and CEO.
- In Q2 2017 net sales increased by 12% to SEK 88.4 billion (78.9). Adjusted for currency
movements and acquired and divested units sales increased by 6%.
- Adjusted operating income amounted to SEK 8,540 M (6,130), corresponding to an adjusted
operating margin of 9.7% (7.8).
- Currency movements had a positive impact on operating income of SEK 350 M.
- Operating cash flow in the Industrial Operations amounted to SEK 11.9 billion (6.9).
- New Volvo VNL long-haul tractor launched in North America.
Press and Analyst Conference. An on-line presentation of the report, followed by a question-and-answer session will be
webcast starting at 9.00 CEST. More information under Investors on www.volvogroup.com
Aktiebolaget Volvo (publ)
556012-5790
Investor Relations,
VHQ
SE-405 08 Göteborg,
Sweden
Tel
+46-31-66-00-00
www.volvogroup.com
Contacts Investor Relations:
Christer Johansson +46-31-66-13-34
Anders Christensson +46-31-66-11-91
Anna Sikström +46-31-66-13-36
For more stories from the Volvo Group, please visit www.volvogroup.com/press.
The Volvo Group is one of the world's leading manufacturers of trucks, buses, construction equipment and marine and industrial
engines. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 95,000
people, has production facilities in 18 countries and sells its products in more than 190 markets. In 2016 the Volvo Group's
sales amounted to about SEK 302 billion (EUR 31,9 billion). The Volvo
Group is a publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed on
Nasdaq Stockholm. For more information, please visit www.volvogroup.com.
This information is information that AB Volvo (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and
the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out
above, at 7.20 a.m. CEST on July 19, 2017.
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SOURCE Volvo