The Volvo Group reports preliminary financial results for the first quarter of 2023
In Q1 2023, the Volvo Group’s preliminary net sales amounted to SEK 131.4 billion (105.3) and adjusted operating income to SEK 18.4 billion (12.7), corresponding to an adjusted operating margin of 14.0% (12.0). The reported operating income, including costs of SEK 1.3 billion for a previously announced restructuring in the segment Buses, amounted to SEK 17.1 billion (8.6).Net sales in the Trucks segment amounted to SEK 89.6 billion (69.6) with an adjusted operating income of SEK 12.7 billion (8.7), which corresponds to an adjusted operating margin of 14.2% (12.5). Net sales in the