Volvo Group – the third quarter 2019
“In Q3 2019 we increased our sales and continued to deliver solid profitability. Sales reached SEK 99 billion (92), the operating income improved to SEK 10.9 billion (10.2) and the operating margin amounted to 11.0% (11.1). Our service revenues were stable in the quarter, as a result of continued good activity levels and fleet utilization among our customers. On the other hand, demand for new vehicles is declining and we are facing a period of tougher market conditions,” says Martin Lundstedt, President and CEO.· In Q3 2019, net sales increased 7% to SEK 98.7 billion (92.3). Adjusted for