Volvo Group announced its second-quarter financial report, with net sales increasing by 18% to SEK 140.8 billion. Excluding the impact of currency fluctuations, net sales rose 11 percent.
Adjusted operating profit was SEK 21.732 billion (prior year: 13.745 billion), with an adjusted operating margin of 15.4% (previous year: 11.6%). Adjusted operating profit excludes the SEK 1.270 billion charge for the previously announced restructuring of Nova Buses and the negative impact of a SEK 6.0 billion charge related to claims arising from the European Commission’s 2016 antitrust settlement agreement.
Reported operating profit of SEK 14.462 billion (prior year: 13.745 billion); the positive impact of exchange rate fluctuations on operating profit of SEK 817 million; earnings per share SEK 5.30 (previous year: 5.14); cash flow from operating activities in Industrial Operations of SEK 12.553 billion (previous year: 7.199 billion); 30.2% (26.8% in the same period last year).
