Half way through 2018, Volvo shows successful growth and is on track to reach record sales by the end of the year.
“Demand in our main markets was solid in the second quarter of 2018, and both our vehicle and service business continued to grow at a good pace." says Martin Lundstedt, President and CEO
"Our net sales increased by 18 percent to SEK 104 billion, we improved the adjusted operating income by SEK 3 billion to SEK 11.5 billion and we reached an adjusted operating margin of 11.1 percent (9.6). This is the first time that the Volvo Group’s sales have exceeded SEK 100 billion in a single quarter and it is also the first time the operating margin is above 10 percent.”
• In Q2 2018 net sales grew by 18 percent to SEK 103.6 billion (87.9). Modified for currency movements and obtained and divested units sales increased by 16 percent.
• Adjusted operating income equated to SEK 11,519 million (8,402) in relation to an adjusted operating margin of 11.1 percent (9.6). Altered operating income in Q2 2018 excludes a capital gain of SEK 818 million.
• Reported operating income came to SEK 12,337 million (8,402).
• Currency movements showed a positive impact on operating income of SEK 672 million.
• Diluted earnings per share of SEK 4.53 (2.86).
• Operating cash flow in the Industrial Operations amounted to SEK 8.3 billion (11.9).