Volvo Penta’s net sales during the first quarter of 2011 rose by 9% to SEK 2,147 M (1,977). Adjusted for currency fluctuations, sales increased by 17%. Sales were distributed between the two business segments according to the following: Marine SEK 1,201 M (1,197) and Industrial SEK 946 M (780).
Operating income amounted to SEK 164 M, compared with SEK 121 M in the year-earlier period. Profit was positively impacted by increased marine sales and a favorable product mix within industrial engines.
The operating margin was 7.6% (6.1).