Earnings trend

Sales totaled SEK 6,509 M compared with SEK 7,708 M in the preceding year. Operating income was SEK 336 M compared with SEK 286 M in the preceding year. The operating margin was 5.2% (3.7).

On March 31, Volvo Aero acquired all of Pratt & Whitney’s shares in Volvo Aero Norway and thus became the company’s sole shareholder.

On November 21, AB Volvo announced – as part of its efforts to further refine the Group’s focus on heavy commercial vehicles – that it had initiated a process to divest Volvo Aero.