Volvo 2014 Annual Report Download - page 76

Download and view the complete annual report

Please find page 76 of the 2014 Volvo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 194

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194

Net sales, SEK bn
1413121110
190.9
178.5 190.9189.2198.9167.3
Operating income* and operating margin*
SEK M
%
5,622
13
6,824
3.8
14
5,622
2.9
12
12,219
6.5
11
18,227
9.2
10
10,112
6.0
*Excl. restructuring charges
In Japan, UD Trucks launched the new Quon, which takes fuel
effi ciency, uptime, safety, payload and drivability to new levels. It is
specifi cally designed to meet the transportation industry’s chal-
lenges by optimizing driver and transport effi ciency. There were
over 3,500 visitors to test drive events throughout Japan.
The new products, which shall contribute to the Group’s long-
term growth and profi tability, have been well received by both
dealers and customers. The Group’s new and stronger product
programs have also provided dealers with stronger faith in the
future and motivation for them to continue to invest and contrib-
ute to the development of the Group’s brands.
Restructuring ongoing
In the truck business there are activities ongoing to increase effi -
ciency and reduce costs in the sales and service organziation as
well as within manufacturing. These measures are the next step
in the transformation of the Group to higher profi tability.
In 2014, the optimization of the truck manufacturing in Europe
started. One production line for heavy-duty trucks was closed and
production of medium-duty trucks was consolidated from two to
one plants. The component plant in Leganes in Spain was closed.
At the same time, the major adaptation of the Japanese industrial
system continued. There are further activities to reduce costs
within truck manufacturing. Read more on page 46.
In October it was decided to reorganize Group Trucks Sales in
order to increase effi ciency and reduce costs.
BOARD OF DIRECTORS’ REPORT 2014 GROUP PERFORMANCE TRUCKS
The Mack Pinnacle offers the
perfect balance of power, fuel savings
and lower operating costs.
Market shares, heavy-duty trucks, % %
North America
10.9 7.911.9 8. 2
Japan
18.7 18.8
South Africa
Australia
22.2 24.6
Volvo Group
Europe
16.3 8.016.6 7.8
India
medium-duty
trucks
4.4 30.44.3 30.7
Brazil
20.0 21.3
23.9 26.8
Volvo Group
13 14
72