Volvo Group Clocks 18% Sales Growth In Q2
Portfolio Pulse from Shivani Kumaresan
Volvo Group reported an 18% YoY sales growth in Q2 FY23, with sales reaching SEK 140.8 billion. The adjusted operating income for the quarter increased by 58% YoY to SEK 21.732 billion, and the adjusted operating margin expanded by 380 basis points to 15.4%. The company's EPS for the quarter was SEK 5.30, up from SEK 5.14 last year. The operating cash flow for industrial operations was SEK 12.553 billion.
July 19, 2023 | 11:50 am
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Volvo Group's strong Q2 FY23 results, with significant growth in sales and operating income, could positively impact its stock price in the short term.
Volvo Group's Q2 FY23 results exceeded expectations, with significant growth in sales and operating income. This strong performance indicates a healthy financial state for the company, which could increase investor confidence and potentially drive up the stock price in the short term.
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