Volvo’s consolidated numbers show a moderation in revenue growth (from +15% to SEK160bn in H1 to +9% to SEK73bn in Q3) and also of EBIT growth (from +143% to SEK14.2bn to +107% to SEK4.65bn). While the sales number is about in line with our projection, 9M 15 EBIT of SEK18.8bn is about SEK1.6bn higher than we had anticipated. This latter number includes the SEK4.6bn Eicher disposal gain generated in H1 15 which we do not regard as operating profit.
26 Oct 2015
Stronger than expected Q3 15 profit growth
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Stronger than expected Q3 15 profit growth
Volvo AB Class B (VOLVB:PRA) | 0 0 1.2% | Mkt Cap: 328,497m
- Published:
26 Oct 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
Volvo’s consolidated numbers show a moderation in revenue growth (from +15% to SEK160bn in H1 to +9% to SEK73bn in Q3) and also of EBIT growth (from +143% to SEK14.2bn to +107% to SEK4.65bn). While the sales number is about in line with our projection, 9M 15 EBIT of SEK18.8bn is about SEK1.6bn higher than we had anticipated. This latter number includes the SEK4.6bn Eicher disposal gain generated in H1 15 which we do not regard as operating profit.