"During Q1 2024, demand continued to normalize at good levels across many of the
- In Q1 2024, net sales were on the same level as in the previous year and amounted to
SEK 131.2 billion (131.3). Also when adjusted for currency movements, net sales were flat.
-
Adjusted operating income amounted to
SEK 18,159 M (18,566), corresponding to an adjusted operating margin of 13.8% (14.0). There were no adjustments in Q1 2024. In Q1 2023, a negative effect ofSEK 1,300 M was excluded from adjusted operating income.
-
Reported operating income amounted to
SEK 18,159 M (17,266).
-
Currency movements had a negative impact on operating income of
SEK 346 M.
-
Earnings per share amounted to
SEK 6.92 (6.35).
-
Operating cash flow in the Industrial Operations amounted to
SEK 8,896 M (5,004).
- Return on capital employed in the Industrial Operations amounted to 37.7% (30.3)
Press and Analyst Conference Call
An on-line presentation of the report, followed by a question and answer session will start at 09.00 CEST. Link to webcast: https://qreport.volvogroup.com.
More information, including an interview with CEO
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https://news.cision.com/ab-volvo/r/volvo-group---the-first-quarter-2024,c3962631
https://mb.cision.com/Main/39/3962631/2737133.pdf
https://mb.cision.com/Public/39/3962631/9a9c89e3a10d1d3a.pdf
https://news.cision.com/ab-volvo/i/q12024-1860x1050,c3289904
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