GÖTEBORG, Sweden ,
July 19,
2022 /PRNewswire/ -- "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.
- In Q2 2022, net sales increased by 31% to SEK 118.9 billion (90.6). Adjusted for currency
movements the increase was 20%.
- Adjusted operating income2 amounted to SEK 13,745 M (9,730), corresponding to an
adjusted operating margin of 11.6% (10.7).
- Reported operating income amounted to SEK 13,745 M (11,384).
- Currency movements had a positive impact on operating income of
SEK 2,769 M.
- Earnings per share amounted to SEK
5.14 (4.38).
- Operating cash flow in Industrial Operations amounted to
SEK 7,199 M (5,932).
- Return on capital employed in Industrial Operations of 26.8%
(23.4).
Press and Analyst Conference Call. An on-line
presentation of the report, followed by a question and answer
session will be webcast starting at 09.00 CET.
July 22, 2022
More information, including an interview with CEO Martin Lundstedt, is available on
https://www.volvogroup.com/en/investors.html
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
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 07.20 CEST on July 19,
2022.
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.
This information was brought to you by Cision
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https://news.cision.com/ab-volvo/r/volvo-group---the-second-quarter-2022,c3602987
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Volvo Group Q2 2022
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SOURCE AB Volvo