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| Volvo Group’s sales continued to increase Volvo Group said its sales rose 31% compared with the second quarter of 2009. Operating income reached SEK 4.8 billion in the second quarter with an operating margin of 6.9%. Operating cash flow in the Industrial Operations was strong and amounted to SEK 8.5 billion. • In the second quarter net sales increased by 27% to SEK 68.8 billion (54.0). Adjusted for currency movements, sales increased by 31% • The second quarter operating income amounted to SEK 4, 770 M including a write-down of assets in Volvo Aero Services amounting to SEK 223 M (Loss SEK 6, 883 M). Operating margin in the second quarter was 6.9% (Negative 12.8%) • In the second quarter basic and diluted earnings per share amounted to SEK 1.55 (Negative SEK 2.75) • In the second quarter, operating cash flow in the Industrial Operations was positive in an amount of SEK 8.5 billion (Negative SEK 2.9 billion) • During the second quarter, net debt in the Industrial Operations was reduced by SEK 5.1 billion to SEK 39.9 billion, corresponding to 63.4% of equity (53.3% excluding provisions for post-employment benefits) • Decision to start production of the Group's new medium duty engine range in India. write your comments about the article :: © 2010 Construction News :: home page |