Reuters logo
BRIEF-Truck maker Volvo sets new targets, aims for operating margin above 10 pct
August 31, 2017 / 3:57 PM / 3 months ago

BRIEF-Truck maker Volvo sets new targets, aims for operating margin above 10 pct

Aug 31 (Reuters) - AB Volvo

* New financial targets for Volvo Group

* Says group’s operating margin shall exceed 10% measured over a business cycle.

* Says Financial Services’ target remains unchanged with a return on equity of 12-15% at an equity ratio above 8%.

* Says industrial operations shall under normal conditions have no net financial indebtedness excluding pension liabilities

* Says new financial targets are valid from august 31, 2017

* Says is currently in a phase where focus is on organic growth and improved profitability through continuous improvement and innovation

* Says a clear and straightforward operating margin target supports efforts to drive performance across group Source text for Eikon: Further company coverage: (Stockholm Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below