operating income (ebit) trebled to - volvo cars€¦ · ebit 2015 –improvement driven by sales...

• Operating income (EBIT) trebled to

SEK 6.6 billion

• First time over 500,000 cars

• The all-new XC90 well-received

2015

2VOLVO CAR GROUP; JAN-DEC 2015

• Retail sales growth 8%

• FY: 503,127 (2014: 465,866) units

• Progress in all regions

• US – successful turnaround

• Western Europe – strong performance

• China – growth in Q4

2015 – Globally Balanced


2015 – highlights


• US – plant construction started

• Sweden – 2,000 jobs added

• S90 – semi-autonomous drive

standard

• Four Twin Engines on the market

• New corporate structure

• Chinese industrial entities fully consolidated

• Volvo Car AB

• New regional structure

• XC90 – 88,000 orders taken

2015 – highlights


Financials 2015


Retail Sales – a record year


Retail sales

(number of cars sold) %

FY

2015

FY

2014

H2

2015

H2

2014

Western Europe* 8.7 198,049 182,157 104,651 94,527

China 0.0 81,588 81,574 43,296 42,823

Sweden 16.0 71,200 61,357 38,740 30,846

US 24.3 70,047 56,371 40,680 27,040

Other Markets -2.6 82,243 84,407 43,476 41,617

Total 8.0 503,127 465,866 270,843 236,853

* Excluding Sweden

SEK millions

(unless otherwise stated)

FY

2015

FY

2014*

H2

2015

H2

2014*

Net Revenue164,043 137,590 88,828 70,608

Gross Income35,805 23,571 19,710 12,324

Operating Income (EBIT) 6,620 2,128 4,959 1,160

Operating Margin (%) 4.0 1.5 5.6 1.6

Net Income 4,476 508 3,599 243

Operating & Investing Cash Flow7,234 -4,766 8,278 736


Financial highlights – profitability improving

* The comparative figures for 2014 are restated, due to the acquisition of the Chinese industrial entities in 2015 H1.

EBIT 2015 – Improvement driven by sales mix

msek

VOLVO CAR GROUP; JAN-DEC 2015 9

5,000

10,000

9,000

6,000

4,000

3,000

8,000

2,000

7,000

1,000

0

2,128

1,850

FY 2014

6,620

5,600

Sales Mix

-2,958

Exchange,

Cost and Other

FY 2015Volume

10

CASH Flow 2015 – improved cash position

VOLVO CAR GROUP; JAN-DEC 2015

msek

35,000

0

25,000

10,000

20,000

5,000

30,000

15,000

40,000

-58

Cash Balance*

FY 2015

Cash Balance*

FY 2014

Operating

17,002

22,576

-15,342

Financing

25,6231,445

Investing Exchange

on Cash

*Excluding marketable securities

• Profitability strengthened

• EBIT SEK 6.6 (2014: 2.1) billion

• EBIT margin increased to 4.0% (2014: 1.5%)

• Cash flow from operations and

investments very positive

Financial Summary


• Big step in our transformation

• Increasingly balanced global

presence

• US – a successful turnaround

• Europe – continuous strong performance

• China – full consolidation

• Repositioned brand

• XC90 – 88,000 orders taken

• S90 – great reception

Operational Summary


2016


• Transformation continues

• Volume and profit improvement

• Product renewal

VOLVO CAR GROUP; JAN-DEC 2015 14

operating income (ebit) trebled to - volvo cars€¦ · ebit 2015 –improvement driven by sales...

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