Volvo Group – report on the first quarter 2011
During the first quarter of 2011, the Volvo Group had strong sales growth with significantly improved profitability. Sales amounted to SEK 72 billion, an increase of 22% compared with the year-earlier period. Operating income rose to SEK 6.5 billion, with an operating margin of 9.1%. · In the first quarter, net sales increased by 22% to SEK 71.6 billion (58.6). Adjusted for currency movements, sales increased by 33% · Highest ever operating income and operating margin for a first quarter · The first quarter operating income amounted to SEK 6.5 billion (2.8). Operating margin in