Strong profitability improvement

Volvo Penta’s net sales in the third quarter of 2011 rose 6% year-on-year to SEK 2,199 M (2,077). Adjusted for currency fluctuations, sales increased by 11%. Sales were distributed between the two business segments according to the following: Marine SEK 1,138 M (1,105) and Industrial SEK 1,061 M (972).

Operating income amounted to SEK 209 M, compared with the year-earlier profit of SEK 72 M. Earnings were impacted positively by higher sales and a positive product mix. Compared to the third quarter of 2010, operating income was negatively impacted by changes in currency exchange rates in an amount of SEK 4 M. The operating margin was 9.5% (3.5).