The FINANCIAL — Volvo Group reported Q3 financial results. In Q3 2020, net sales amounted to SEK 76.9 billion (98.7). Adjusted for currency movements, net sales decreased by 16%. • Adjusted operating income amounted to SEK 7,217 M (10,885), corresponding to an adjusted operating margin of 9.4% (11.0). • Reported operating income amounted to SEK 7,508 M (10,885). • Currency movements had a negative impact on operating income of SEK 1,499 M. • Diluted earnings per share amounted to SEK 2.81 (3.67). • Operating cash flow in the Industrial Operations was positive in an amount of SEK 11,712 M (1,831).…
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The FINANCIAL — Volvo Group reported Q3 financial results. In Q3 2020, net sales amounted to SEK 76.9 billion (98.7). Adjusted for currency movements, net sales decreased by 16%. • Adjusted operating income amounted to SEK 7,217 M (10,885), corresponding to an adjusted operating margin of 9.4% (11.0). • Reported operating income amounted to SEK…
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