Volvo Aero reports improved profitability in the first quarter

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%.