Volvo’s revenue increased by 8% to SEK77.4bn, which allowed earnings to increase strongly. EBIT was up by 32% to SEK7.0bn and net profit by 26% to SEK4.73bn. In addition, cash from operations was a positive SEK8.6bn compared to a negative SEK6.0bn in Q1 16. As a result, the group’s net debt fell from SEK116bn at the end of Q1 and Q4 16 to SEK109bn. All these numbers are better than we had anticipated.
25 Apr 2017
Good Q1 profit numbers and strong asset control
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Good Q1 profit numbers and strong asset control
Volvo AB Class B (VOLVB:PRA) | 0 0 1.2% | Mkt Cap: 328,497m
- Published:
25 Apr 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
Volvo’s revenue increased by 8% to SEK77.4bn, which allowed earnings to increase strongly. EBIT was up by 32% to SEK7.0bn and net profit by 26% to SEK4.73bn. In addition, cash from operations was a positive SEK8.6bn compared to a negative SEK6.0bn in Q1 16. As a result, the group’s net debt fell from SEK116bn at the end of Q1 and Q4 16 to SEK109bn. All these numbers are better than we had anticipated.