Improved operating income

For Volvo Aero, net sales during the first quarter increased by 5% to SEK 1,682 M (1,598). Adjusted for currency fluctuations, sales during the first quarter increased by 1%.

Operating income amounted to SEK 235 M compared to SEK 35 M the same quarter 2011. The improvement is a result of a positive trend with higher productivity and fewer disturbances in the production facilities. The result was also improved by a positive dollar effect. Compared with the first quarter of 2011, operating income was positively impacted by changes in currency exchange rates in an amount of SEK 14 M. Operating margin was 14.0% (2.2).