Lower costs and higher spare parts sales

For Volvo Aero sales during the fourth quarter decreased by 6% to SEK 1,850 M compared to SEK 1,978 M in the prior year. Adjusted for currency fluctuations and the divestment of Volvo Aero Services, sales during the fourth quarter increased by 14%. Sales of new spare parts showed signs of recovery and increased by 11% compared to last year after eight consecutive quarters of decline. Also, the introduction of the GEnx engine had a positive effect on sales in the fourth quarter.

Operating income increased to SEK 282 M (Loss SEK 169 M) due to lower costs and higher spare parts sales. Also the engine services operations showed improved profitability. Operating margin amounted to 15.2% (Neg. 8.5%).