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Volvo Group – the second quarter 2015

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The second quarter followed the trend from the fourth quarter of 2014 and the beginning of the year. The Group’s products are well received by the market, and the activities in the efficiency programs are progressing according to plan and contribute to yet another quarter of earnings improvements.

  • In the second quarter net sales increased by 17% to SEK 84.8 billion (72.6). Adjusted for currency movements and acquired and divested units sales increased by 4%.

  • Operating income amounted to SEK 8,116 M (4,325) excluding restructuring charges of SEK 799 M (762). Operating income includes a positive impact of SEK 2,137 M from the sale of shares in Eicher Motors Limited. Currency exchange rates had a positive impact of SEK 1,804 M.

  • Operating income excluding restructuring charges and the capital gain from the sale of shares amounted to SEK 5,979 M (3,284*), corresponding to an underlying operating margin of 7.1% (4.5).

  • Operating cash flow in the Industrial Operations amounted to SEK 8.6 billion (4.0).

  • Net financial debt in the Industrial Operations amounted to 16% of equity.

  • Truck order intake decreased by 6% and order intake of construction equipment decreased by 27%.

* Excluding the capital gain from the sale of real estate and the release of a provision for Volvo Rents in the second quarter 2014, combined amounting to SEK 1,041 M.

For a PDF version of the report, please click here: Volvo Group Q2 2015 PDF

For image download: http://images.volvogroup.com/latelogin.jspx?recordsWithCatalogName=ab+volvo:3813

Press and Analyst Conference. An on-line presentation of the report, followed by a question-and-answer session will be webcast starting at 9.00 a.m. CEST. More information under Interim Reports on www.volvogroup.com

Aktiebolaget Volvo (publ) 556012-5790                            Contacts Investor Relations:
Investor Relations, VHQ                                                    Christer Johansson          +46 31 66 13 34
SE-405 08 Göteborg, Sweden                                             Patrik Stenberg                +46 31 66 13 36
Tel +46 31 66 00 00                                                             Anders Christensson       +46 31 66 11 91
www.volvogroup.com                                                           John Hartwell                  +1 201 252 8844

The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 100,000 people, has production facilities in 19 countries and sells its products in more than 190 markets. In 2014 the Volvo Group’s sale amounted to about SEK 283 billion (EUR 31 billion). The Volvo Group is a publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed on Nasdaq Stockholm. For more information, please visit www.volvogroup.com or www.volvogroup.mobi if you are using your mobile phone.

AB Volvo (publ) may be required to disclose the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 7.20 a.m. July 17, 2015.

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