PR Newswire
GÖTEBORG, Sweden, Feb 01, 2017
GÖTEBORG, Sweden, Feb 01, 2017 /PRNewswire/ --
"2016 was a year with somewhat lower volumes. Our revenues declined by 3% to SEK 302 bn. Nonetheless, our profitability improved with an adjusted operating margin of 7.0% for the full year 2016. This reflects our ability to manage volume changes in different regions as well as continued cost reductions and productivity improvements. The fourth quarter followed the pattern of previous quarters with somewhat improved profitability on lower volumes. Adjusted operating income was SEK 5,660 M, corresponding to a margin of 6.9%," says Martin Lundstedt, President and CEO.
THE FOURTH QUARTER 2016
THE FULL YEAR 2016
Press and Analyst Conference.
An on-line presentation of the report, followed by a question-and-answer session will be webcast starting at 9.00 CET. More information under Investors on www.volvogroup.com
Please contact:
Aktiebolaget Volvo (publ) 556012-5790
Investor Relations, VHQ
SE-405 08 Göteborg, Sweden
Tel +46 31 66 00 00
www.volvogroup.com
Contacts Investor Relations:
Christer Johansson +46 31 66 13 34
Anders Christensson +46 31 66 11 91
Anna Sikström +46 31 66 13 36
For more stories from the Volvo Group, please visit www.volvogroup.com/press.
The Volvo Group is one of the world's leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 100,000 people, has production facilities in 18 countries and sells its products in more than 190 markets. In 2015 the Volvo Group's sales amounted to about SEK 313 billion (EUR 33,4 billion). The Volvo Group is a publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed on Nasdaq Stockholm. For more information, please visit www.volvogroup.com.
This information is information that AB Volvo (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 7.20 CET on February 1, 2017.
This information was brought to you by Cision http://news.cision.com
http://news.cision.com/volvo/r/volvo-group---the-fourth-quarter-and-full-year-2016,c2178065
The following files are available for download:
report-on-the-fourth-quarter | |
170201-volvogroup-the-fourth-quarter-2016-en | |
http://news.cision.com/volvo/i/1860x1050-interim-report-2016-q4,c2067297 | 1860x1050-interim-report-2016-q4 |
Volvo Q4 2016 eng |
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/volvo-group--the-fourth-quarter-and-full-year-2016-300400231.html
SOURCE Volvo
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