Volvo Group - Report on first six months 2014
in Swedish

Volvo Group - Report on second quarter 2014

The Volvo Group Report on the first six months 2014 was published on July 18 2014 at 7.20 AM CEST

Growth in mature markets while emerging markets declined
When we summarize the market development for the second quarter and begin with the Truck operation, we can conclude that our business in North America and Japan had positive trends in market shares, volumes and capacity utilization. Following the weak first quarter, the European market recovered gradually during the second quarter, but the improvement started somewhat later than we had anticipated. During the quarter, the Brazilian market developed as we anticipated, with lower order intake and sales. With respect to Construction Equipment, the second quarter has been characterized by a considerable decline in the Chinese market. In the second quarter net sales amounted to SEK 72.6 billion (72.8). The second quarter operating income amounted to SEK 4,325 M (3,279) excluding restructuring charges of SEK 762 M (16). The operating income includes a positive effect totaling SEK 1,041 M from a capital gain on the sale of commercial real estate and the release of a provision for Volvo Rents.
                                                                                           - Olof Persson President and CEO -

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•     Swedish pdf version
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Volvo Group - Report on first six months 2014 Swedish / English
Volvo Group - Report on first six months 2014 Swedish / English

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