• In the third quarter, net sales decreased by 6% to SEK 69.1 billion (73.3). Adjusted for currency movements and acquired and divested units, sales decreased by 4%.
  • The third quarter operating income amounted to SEK 2,927 M (5,774), including a non-recurring negative impact amounting to SEK 1,060 M, whereof SEK 560 M relating to a restructuring in UD Trucks and SEK 500 M to an adjustment of warranty reserves. Compared to the third quarter 2011, changes in exchange rates had a positive impact of SEK 594 M.
  • Operating margin in the third quarter was 4.2% (7.9). Adjusted for the non-recurring items, the operating margin was 5.8%.
  • In the third quarter, basic and diluted earnings per share was SEK 0.68 (1.89)
  • In the third quarter, operating cash flow in the Industrial Operations was negative in an amount of SEK 7.2 billion driven by a lower level of payables (positive SEK 2.2 billion).
  • Costs associated with the reorganization of the Volvo Group’s dealer network and sales and marketing organizations in EMEA are currently estimated to be in the magnitude of SEK 900 M starting in the fourth quarter of 2012 and going forward.
  • New range of Volvo FH trucks launched.