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As if not, AB Volvo, which sells trucks, construction machinery, buses and marine and industrial engines, reported an adjusted result for the same period of 11.5 billion crowns. This is the first time that 'AB Volvo blew the bank 10 billion for a quarter. Analysts in the market were weaker in their forecasts
It's as if there are two industrial banknotes in Gothenburg spitting 172 million SEK each day
But the question, of course, is the persistence of these levels. The automotive industry is very sensitive to the cycle.
Volvo Cars manager Håkan Samuelsson, however, is optimistic:
– These results confirm that Volvo Cars Now I am well positioned for a new period of sustainable growth on a global scale.
– I expect we will break sales records in 2018 as we strive to become a diversified global mobility provider under our new Vision Freedom Fear.
Sales rose 27 percent to 66 billion and sales of cars number with nearly 15 percent to 170,232 cars.
Looking at the first half of 19459005, Volvo Cars has an operating profit of $ 7.8 billion, more than any other half-year earlier. The operating margin is around 6-7 percent. The goal of Volvo is to reach higher than that, to match the German brands Audi, BMW and Mercedes, preferably a two-digit margin …
Just AB Volvo, which up to 39 in 1999 was the owner of Volvo Cars, successful in the second quarter. The turnover for the first time for a quarter was SEK 100 billion and for the first time it became a double-digit adjusted operating margin: 11.1% (9.6 L & L). # 39; last year)
AB Volvo is having trouble responding to other trucks. Choke bottlenecks in production cause disruption and additional costs. However, no immediate lighting is in sight:
– Given the strong demand, we expect supply chain constraints to continue in the near future, says Martin Lundstedt, CEO.
Other parts of AB Volvo, as construction machinery and industrial engines still display solid figures.
– With an operating cash flow of SEK 8.3 billion in industrial operations, we continue to have a solid financial position. Martin Lundstedt.
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