GÖTEBORG, Sweden, April 22,
2022 /PRNewswire/ -- "Economic activity
continued to be good in Q1 2022 with high transport volumes and
good construction activity in most markets. We increased sales and
improved profitability. Our net sales grew by 12% to SEK 105.3 billion. The high business activity
combined with our growing service contract portfolio resulted in
continued good service growth, which was up by 19%. Adjusted
operating income increased to SEK 12.7
billion (11.8) and we achieved an adjusted operating margin
of 12.0% (12.6) despite a challenging supply chain situation," says
Martin Lundstedt, President and
CEO.
- In Q1 2022, net sales increased by 12% to SEK 105.3 billion (94.0). Adjusted for currency
movements and the divestment of UD Trucks, the increase was
11%.
- Adjusted operating income amounted to SEK 12,681 M (11,821), corresponding to an
adjusted operating margin of 12.0% (12.6).
- Reported operating income amounted to SEK 8,556 M (12,067), including a negative effect
from provisioning of assets related to Russia in an amount of SEK 4,125 M.
- Currency movements had a positive impact on operating income of
SEK 1,267 M.
- Earnings per share amounted to SEK
3.46 (4.35).
- Operating cash flow in the Industrial Operations amounted to
SEK -5,400 M (5,665).
- Return on capital employed in Industrial Operations of 25.3%
(17.1).
Press and Analyst Conference Call. An on-line presentation of
the report, followed by a question and answer session will be
webcast starting at 9.00 a.m.
CEST.
More information, including an interview with CEO Martin Lundstedt, is available on
https://www.volvogroup.com/en/investors.html
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
April 22, 2022.
Aktiebolaget Volvo (publ) 556012-5790
Investor Relations
SE-405 08 Göteborg, Sweden
Tel +46 31 66 00 00
www.volvogroup.com
Contact Media Relations:
Claes Eliasson +46 765 53 72 29
Contacts Investor Relations:
Christer Johansson +46 739 02 25
22
Johan Bartler +46 739 02 21 93
Anders Christensson +46 765 53 59
66
For more information, please visit volvogroup.com
For frequent updates, follow us on Twitter: @volvogroup
The Volvo Group drives prosperity through transport and
infrastructure solutions, offering trucks, buses, construction
equipment, power solutions for marine and industrial applications,
financing and services that increase our customers' uptime and
productivity. Founded in 1927, the Volvo Group is committed to
shaping the future landscape of sustainable transport and
infrastructure solutions. The Volvo Group is headquartered in
Gothenburg, Sweden, employs almost
95,000 people and serves customers in more than 190 markets. In
2021, net sales amounted to SEK 372
billion (EUR 37 billion).
Volvo shares are listed on Nasdaq Stockholm.
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SOURCE AB Volvo