Volvo Group Report on the Third Quarter 2020
REPORT ON THE THIRD QUARTER 2020 Customers in Southern California have begun testing Volvo VNR Electric. In Q3 2020, net sales amounted to SEK 76.9 Currency movements had a negative impact on billion (98.7). Adjusted for currency movements, operating income of SEK 1,499 M. net sales decreased by 16%. Diluted earnings per share amounted to SEK Adjusted operating income1 amounted to SEK 2.81 (3.67). 7,217 M (10,885), corresponding to an adjusted Operating cash flow in the Industrial Operations operating margin of 9.4% (11.0). was positive in an amount of SEK 11,712 M Reported operating income amounted to SEK (1,831). 7,508 M (10,885). Third quarter First nine months SEK M unless otherwise stated 2020 2019 2020 2019 Net sales 76,852 98,723 241,528 326,625 Adjusted operating income ¹ 7,217 10,885 17,629 38,687 Adjusted operating margin, % 9.4 11.0 7.3 11.8 Operating income 7,508 10,885 15,270 40,153 Operating margin, % 9.8 11.0 6.3 12.3 Income after financial items 7,640 10,129 14,040 37,975 Income for the period 5,903 7,549 10,714 29,664 Diluted earnings per share, SEK 2.81 3.67 4.97 14.36 Operating cash flow in Industrial Operations 11,712 1,831 1,877 18,453 Net financial position in Industrial Operations, SEK bn ² 62.3 62.6 Return on capital employed in Industrial Operations, % 13.2 25.8 Return on equity, % 12.2 24.6 Net order intake, number of trucks 57,530 35,726 122,436 129,431 Deliveries, number of trucks 37,709 52,357 110,507 176,188 Net order intake, number of construction equipment 20,848 14,885 68,168 61,216 Deliveries, number of construction equipment 19,774 16,460 69,028 66,487 1 For information on adjusted operating income, please see note 7.
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