During the third quarter of 2011, demand remained favorable in most of the Volvo Group’s markets. Sales rose to SEK 73.3 billion. Operating income improved to SEK 5.8 billion, compared with SEK 4.9 billion in the year-earlier period, corresponding to an operating margin of 7.9% (7.7). Operating cash flow in the industrial operations amounted to SEK 2.2 billion.
• In the third quarter, net sales increased by 15% to SEK 73.3 billion (64.0). Adjusted for currency movements and acquired and divested units, sales increased by 22%.
• The third quarter operating income amounted to SEK 5.8 billion (4.9). Operating margin was 7.9% (7.7). Compared to the third quarter of 2010, changes in exchange rates had a negative impact of approximately SEK 1.8 billion.
• In the third quarter, operating cash flow in the Industrial Operations was positive in an amount of SEK 2.2 billion (Neg: SEK 1.9 billion).
• In the third quarter, basic and diluted earnings per share amounted to SEK 1.89 (1.38).
• Return on shareholders’ equity of 22.1% on a rolling 12-month basis.
