Volvo Group 2022 sales and profit up
Volvo Group boosted full year 2022 sales by SEK100bn to SEK473bn and the adjusted operating income to SEK50.5bn from SEK41bn.
Adjusted operating margin dipped to 10.7% from 11%.
Q4 2022 sales increased 31% to SEK134.3bn. Adjusted operating income was SEK12,171m (SEK10,060m and adjusted operating margin 9.1% versus 9.8%.
Adjusted operating income excluded SEK630m relating to claims arising from the European Commission’s 2016 antitrust settlement decision.
Volvo Group boosted full year 2022 sales by SEK100bn to SEK473bn and the adjusted operating income to SEK50.5bn from SEK41bn.
Adjusted operating margin dipped to 10.7% from 11%.
Q4 2022 sales increased 31% to SEK134.3bn. Adjusted operating income was SEK12,171m (SEK10,060m and adjusted operating margin 9.1% versus 9.8%.
Adjusted operating income excluded SEK630m relating to claims arising from the European Commission’s 2016 antitrust settlement decision.
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