The Volvo group's full-year net sales rose 11 per cent in 2019

& other; 2019 is another bumper year for the Volvo group. Our net sales increased 11% to skr432 billion and adjusted operating income increased to skr47.9 billion (from skr40.7 billion in the same period last year) on a margin of 11.1% (from 10.4% in the same period last year). During the year, our financial strength continued to grow. Year-end operating cash flow was skr38.3bn and net cash in the industrial operations sector was skr62.6bn, excluding pension and leasing liabilities. Rising profitability and strong financial strength allow us to invest further into the future and return returns to our shareholders. Throughout the &; Martin ·, President and CEO of the werver group; Lundstedt said.

Martin ·, President and CEO of Volvo group; Lundstedt

year 2019

Net sales for the full year rose 11% to 432 billion Swedish kronor ($390.8 billion) from a year earlier.

Adjusted operating income was skr47.91bn (up from 40.66bn in the same period last year) and operating margin was 11.1 per cent (up from 10.4 per cent in the same period last year).

Revenue was reported at 49.531 billion Swedish kronor ($34.478 billion in the same period last year).

Diluted earnings per share were 17.64 sek (up from 12.24 in the same period last year).

Operating cash flow in the industrial operations division was 38.309 billion sek ($26.597 billion in the same period last year).

The board of directors proposed a dividend of skr5.50 per common share (5.00 for the same period last year) and an additional dividend of skr7.50 per share (5.00 for the same period last year).

fourth quarter 2019

In the fourth quarter of 2019, net sales reached 105.4 billion kronor ($105.8 billion). Adjusted net sales fell 5 per cent due to currency fluctuations.

Adjusted operating revenue was 9.223 billion Swedish kronor (10.597 billion in the same period last year) and operating margin was 8.8 percent (10.0 percent in the same period last year).

Revenue was sek 9.379 billion (up from 3.597 billion in the same period last year).

The positive impact of exchange rate fluctuations on operating income amounted to sek 763 million.

Diluted earnings per share were 3.27 sek, compared with 1.26 in the same period last year.

Operating cash flow in the industrial operations sector was 19.856 billion sek (15.471 billion sek in the same period last year).

Volvo group and isuzu automobile are to form a strategic alliance.

events of the fourth quarter of 2019

Volvo group signed a non-binding memorandum of understanding with isuzu automobile to establish a strategic alliance in the commercial Vehicle sector and jointly explore the opportunities of the current industry transformation.

Volvo construction equipment's L25 electric small Wheel Loader is undergoing its first test at Leick Baumschulen in Germany and is expected to be available in the third quarter of 2020.

Volvo Trucks has launched two electric concept Trucks for construction and regional distribution, designed to explore and showcase future solutions while evaluating their market and social repercussions.

Volvo quanta has launched a new generation of D8 and D13 engines that meet Europe's phase 5 emissions requirements.

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