The group’s consolidated accounts showed a Q3 revenue fall of 6.2% to SEK68.8bn which brought the ytd number to SEK219bn, a fall of 5.8%. Simultaneously, the EBIT numbers were SEK4.66bn (unchanged) and SEK13.8bn (-27%), respectively. While the 9M profit number is slightly ahead of our expectation (€13.35bn), the sales number is marginally lower (SEK221.8bn).
21 Oct 2016
Truck delivery fall accelerates in Q3, but prices stabilise
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Truck delivery fall accelerates in Q3, but prices stabilise
Volvo AB Class B (VOLVB:PRA) | 0 0 1.2% | Mkt Cap: 328,497m
- Published:
21 Oct 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
The group’s consolidated accounts showed a Q3 revenue fall of 6.2% to SEK68.8bn which brought the ytd number to SEK219bn, a fall of 5.8%. Simultaneously, the EBIT numbers were SEK4.66bn (unchanged) and SEK13.8bn (-27%), respectively. While the 9M profit number is slightly ahead of our expectation (€13.35bn), the sales number is marginally lower (SEK221.8bn).