Volvo Aero released that net sales during the first quarter increased by 5% to SEK 1,682m (1,598). Adjusted for currency fluctuations, sales during the first quarter increased by 1%. Increased productivity contributed to higher profitability. Operating income amounted to SEK 235m compared to SEK 35m the same quarter 2011. The improvement is a result of a positive trend with higher productivity and fewer disturbances in the production facilities. The result was also improved by a positive dollar effect. Operating margin was 14.0%.
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Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
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AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada