In Q3 2018 net salesin Volvo increased by 21% to SEK 92.3 billion (76.4). Adjusted for currency movements and acquired and divested units sales increased by 13%. The adjusted operating income amounted to SEK 10,247 M (6,937), corresponding to an adjusted operating margin of 11.1% (9.1).
Reported operating income amounted to SEK 10,247 M (7,337). Currency movements had a positive impact on operating income of SEK 423 M. Diluted earnings per share amounted to SEK 3.67 (2.66). Operating cash flow in the Industrial Operations amounted to SEK 1.3 billion (0.6).
Robust thrird quarter
-In the third quarter of 2018, demand was robust, with both our vehicle and service business continuing to grow at a good pace. We increased net sales to SEK 92.3 billion, with a currency-adjusted growth of 13%, and improved the adjusted operating income by SEK 3.3 billion to SEK 10.2 billion and the adjusted operating margin to 11.1% (9.1). Although this is the best third quarter ever for the Group, it does not mean that we have reached our full potential. There is more to do to improve profitability and drive cash flow, says Martin Lundstedt, President and CEO.
Sales up twenty per cent
In Q3 2018 net sales increased by 21% to SEK 92.3 billion (76.4). Adjusted for currency movements and acquired and divested units sales increased by 13%. The adjusted operating income amounted to SEK 10,247 M (6,937), corresponding to an adjusted operating margin of 11.1% (9.1). Reported operating income amounted to SEK 10,247 M (7,337). Currency movements had a positive impact on operating income of SEK 423 M. Diluted earnings per share amounted to SEK 3.67 (2.66).
Operating cash flow in the Industrial Operations amounted to SEK 1.3 billion (0.6).
Name No of A-shares No of B-shares Total no. of shares Registered capital Registered votes Outstanding capital Outstanding votes.
Major shareholders Volvo AB:
Industrivärden 142,600,000 0 142,600,000 6.70% 22.13% 7.02% 23.14%
Geely Holding 88,474,625 78,772,891 167,247,516 7.86% 14.95% 8.23% 15.64%
Norges Bank Investment Management 30,614,757 23,031,327 53,646,084 2.52% 5.11% 2.64% 5.34%
SHB 31,327,820 0 31,327,820 1.47% 4.86% 1.54% 5.08%
Alecta 23,875,000 68,706,010 92,581,010 4.35% 4.77% 4.56% 4.99%
AMF Insurance & Funds 15,000,000 55,779,240 70,779,240 3.33% 3.19% 3.48% 3.34%
AFA Insurance 17,032,253 842,759 17,875,012 0.84% 2.66% 0.88% 2.78%
AP4 Fund 10,481,822 8,907,490 19,389,312 0.91% 1.76% 0.95% 1.85%
BlackRock 301,459 101,642,690 101,944,149 4.79% 1.62% 5.02% 1.70%
