boatone
Well-Known Member
From a Boating Business news item:
Sales of (Volvo Penta) marine engines were down 15% per cent to SEK912m, while industrial engines fell by 20% to SEK808m.
Volvo Penta’s operating margin in the third quarter was 8.5%, compared to 10.5% during the same time last year.
As of 30 September 2012, the company’s total order book was 51% lower than the year-earlier period, excluding outboard engines.