Aug 31 (Reuters) - AB Volvo
* New financial targets for Volvo Group
* Says group’s operating margin shall exceed 10% measured over a business cycle.
* Says Financial Services’ target remains unchanged with a return on equity of 12-15% at an equity ratio above 8%.
* Says industrial operations shall under normal conditions have no net financial indebtedness excluding pension liabilities
* Says new financial targets are valid from august 31, 2017
* Says is currently in a phase where focus is on organic growth and improved profitability through continuous improvement and innovation
* Says a clear and straightforward operating margin target supports efforts to drive performance across group Source text for Eikon: Further company coverage: (Stockholm Newsroom)