Volvo Penta’s net sales in the fourth quarter totaled SEK 2,031 M (1,939), up 5%. Adjusted for currency fluctuations, net sales increased 12%. Sales were distributed between the two business segments according to the following: Marine SEK 1,038 M (1,223) and Industrial SEK 993 M (716). Industrial engines’ portion of the total sales was 49% (37).
Operating income for the quarter amounted to SEK 73 M, compared with SEK 7 M in the year-earlier period. Operating income was negatively impacted by continued weak marine sales and the product mix with an increased share of industrial engines. Operating margin was 3.6% (0.4).