Volvo Group – nine months ended September 30, 2010
In the third quarter of 2010, the Volvo Group’s sales increased by 32% to SEK 64 billion. Sales rose in all of the Group’s markets. Meanwhile, profitability continued to improve as a consequence of higher sales volumes, strict control over costs, and increased capacity utilization and a favorable productivity trend in the industrial systems. Operating income rose to SEK 4.9 billion and the Group reached an operating margin of 7.7%. The operating income as well as the operating margin is the highest to date for a third quarter.