Currency affects sales and operating income

For Volvo Aero, sales during the third quarter decreased by 22% to SEK 1,410 M compared to SEK 1,815 M in the prior year. Adjusted for currency fluctuations and the divestment of Volvo Aero Services, sales during the third quarter increased by 7%.

Operating income amounted to SEK 102 M, compared to SEK 224 M the same quarter 2010. Compared to the third quarter of 2010, operating income was negatively impacted by changes in currency exchange rates in an amount of SEK 213 M. Operating income includes a positive impact of SEK 63 M as a result of a number of non-recurring items. Operating margin was 7.2% (12.3).