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Volvo Group published third quarter 2020 financial results

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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 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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Volvo Group published third quarter 2020 financial results

1 min read

 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…