GOTHENBURG,Sweden,
Oct. 20,
2022 /PRNewswire/ -- "In Q3 2022, the Volvo
Group's strong growth continued. We increased our net sales by 35%
to SEK 114.9 billion with a good
development both in the sales of vehicles and in the service
business. The adjusted operating income rose to SEK 11.9 billion (9.4) with an adjusted operating
margin of 10.3% (11.0). A reduction in working capital contributed
to a strong operating cash flow of SEK 14.6
billion (-5.7) in Industrial Operations. Return on capital
employed improved to 27.4% (25.6)," says Martin Lundstedt, President and CEO.
- In Q3 2022, net sales increased by 35% to SEK 114.9 billion (85.3). Adjusted for currency
movements the increase was 21%.
- Both adjusted and reported operating income amounted to SEK 11,869 M (9,403), corresponding to an
operating margin of 10.3% (11.0).
- Currency movements had a positive impact on operating income of
SEK 2,417 M.
- Earnings per share amounted to SEK
4.24 (3.47).
- Operating cash flow in Industrial Operations amounted to
SEK 14,611 M (-5,735).
- Return on capital employed in Industrial Operations amounted to
27.4% (25.6).
- Series production of heavy-duty, 44-tonne electric trucks
started.
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.
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 October 20,
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.
The following files are available for download:
https://mb.cision.com/Main/39/3651565/1641043.pdf
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SOURCE AB Volvo