Volvo 2015 Annual Report Download - page 98
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Net sales, SEK bn
15
18.6 23.6
14
16.7
13
19.6
12
21.8
11
23.6
Operating income* and
operating margin*
SEK M
%
14
98
0.5
15
882
3.7
13
–190
–1.1
148
0.8
12
1,114
5.1
11
882
* Excl. restructuring charges
to 8,759 in 2014. Net sales amounted to 23,580 in 2015, an
increase by 26% compared to previous year. Adjusted for cur-
rency effect the increase in net sales was 15%.
Earnings for the full year were impacted by a favorable currency
development, a good product and market mix and improved indus-
trial efficiency. Changes in currency exchange rates had a positive
impact of SEK 547 M on operating income compared with 2014.
Order intake for 2015 ended at 8,640 orders, an improvement
of 10% on 2014.
Strategic focus delivers in 2015
Volvo Buses is delivering on its strategy. Despite a somewhat
challenging bus market globally, Buses has secured its share in
key markets and increased its coverage in Asia. With the launch
of the Volvo 9700 Electric the company also reinforced its posi-
tion as the industry leader in the field of electromobility.
Volvo Buses shows improved efficiency in its operations, with
reduced product cost and also a substantially improved parts and
service penetration. The period was also mirrored by improve-
ments in employee engagement.
NET SALES BY MARKET
SEK M 2015 2014
Europe 7,284 6,139
North America 10,635 6,721
South America 1,425 2,559
Asia 2,557 1,892
Other markets 1,678 1,334
Total 23,580 18,645
DELIVERIES BY MARKET
Number of buses 2015 2014
Europe 2,431 2,221
North America 2,398 1,590
South America 1,415 2,985
Asia 1,656 1,242
Other markets 925 721
Total 8,825 8,759
Non-consolidated operations
VE Commercial Vehicles 11,717 9,480
Shanghai Sunwin Bus Corporation 2,103 3,731
Dongfeng Commercial Vehicle Company 4,618 –
NEW BUS ROUTE
WINS SUSTAIN-
ABILITY PRIZE
The 55 electric bus route (ElectriCity)
inGothenburg has been awarded the
European Solar Prize 2015 for being the
best example of sustainable public
transport operated using renewable
energy. The Prize is awarded by the
European Association for Renewable
Energy, EUROSOLAR, to projects which
aim, in an exemplary way, to raise public
awareness about one of the most
important challenges of our time: energy
transition to a sustainable society.
GROUP PERFORMANCE BOARD OF DIRECTORS’ REPORT 2015 BUSES
96