During the third quarter of 2011, the truck operation’s net sales amounted to SEK 47,730 M, which was 16% higher than the third quarter of 2010. Adjusted for changes in exchange rates net sales increased by 22%.
The truck operations posted an operating income of SEK 3,962 M in the third quarter of 2011 compared with an operating income of SEK 2,700 M in the third quarter of 2010. The operating margin improved to 8.3%, compared with 6.6% in the year-earlier period. Increased sales volumes, higher capacity utilization and continued strict control of operating expenses had a positive effect on earnings in the quarter. Compared to the third quarter of 2010, operating income was negatively impacted by changes in currency exchange rates in an amount of SEK 502 M.