Volvo’s 2013 figures
After having what it described as the most extensive product renewal in its history in 2013, Volvo Group’s net sales declined 9% in the year to £25.8bn/SEK272.6bn (2012: £28.4m/SEK299.8bn). The company’s operating income amounted to £0.7bn/SEK7.9bn (2012: £1.9bnSEK19.6bn). Its product renewal package put pressures on its earnings, according to a statement on its figures. The year saw it launch an efficiency programme and take measures to focus on its core businesses.
Volvo Buses made net sales of £1,580.9m/SEK16,707m in 2013 (2012: £1,852.9m/SEK19,587m) and delivered 8,910 chassis during the period (2012: 9,297). However, the division’s total order intake in the year increased to 9,621 units (2012: 8,905). Several important orders were signed during the period, including an order for 300 city buses for New York and one for 475 hybrids for Quebec. It also launched its Euro6 product range. Due to lower volumes and increased price pressure in Europe, Volvo Buses has concentrated the manufacture of complete buses in the continent at its production facility in Wroclaw, Poland. Its manufacturing operations in Säffle, Sweden, were discontinued during the second quarter of 2013.