Lower operating income

the weak US dollarFor Volvo Aero, sales during the first quarter decreased by 14% to SEK 1,640 M compared to SEK 1,910 M in the prior year. Adjusted for currency fluctuations and the divestment of Volvo Aero Services, sales during the first quarter increased by 12%.

Operating income decreased to SEK 28 M (152) affected by the weak US dollar, manufacturing disturbances and supplier issues. Operating margin amounted to 1.7% (8.0).