Volvo Group reported that its third quarter net income to owners declined year-on-year to 5.72 billion Swedish kronor from 7.45 billion kronor, last year. Earnings per share was 2.81 kronor compared to 3.67 kronor. Adjusted operating income was 7.22 billion kronor compared to 10.89 billion kronor, previous year. The Group said the the lower adjusted operating income year-over-year is mainly an effect of reductions in vehicle volumes and lower capacity utilization in the industrial system, which were partly offset by good cost execution across the Group.
from RTT - Earnings https://ift.tt/3dE2KPa
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