2015 was a year of largely unchanged volumes, with the exception of construction equipment, where demand declined considerably. Our profitability improved with the operating margin excluding restructuring charges going from 3.0% in 2014 to 8.2% in 2015. This was thanks to cost reductions, but was also helped by positive currency development and capital gains from selling shares.
The Volvo Group is introducing a brand-based organization with clearer commercial accountability for the Group’s various truck brands. Four separate units will be created: Volvo Trucks, UD Trucks, Renault Trucks and Mack Trucks, each with profit and loss responsibility for their respective business. Volvo’s Group Executive Board will be changed to include representatives from some of the Group’s business areas.
AB Volvo hereby invites the media to a press conference on February 5, 2016 in conjunction with the release of the Volvo Group report for the fourth quarter 2015. The press conference will take place 9.00 a.m. at Tändstickspalatset in Stockholm. The report is scheduled to be released at 7.20 a.m. CET February 5.