Sweden: Volvo Group reports record Q1 operating margin

The Volvo Group has reported that its net revenue in the first three months of 2011 was SEK 71,577m (US$11.71bn), an increase of 22.1% from the SEK 58,617m reported in the opening quarter of 2010. Operating income was SEK 6,522m (margin of 9.1%), versus SEK 2,799m (4.8%), a gain of Subscribe to Automotive World to … Continued

• By Webmaster
• April 27, 2011