The Volvo Group Report on first six months 2010 was published on July 22. Swedish web version English web version Swedish pdf version English pdf version Press conference For more information Conference call for investors and analysts For more information
Press conference For more information Conference call for investors and analysts For more information
Volvo Group - Report on first six months 2010
Volvo Group works to contribute to sustainable development, in economic, environmental and social terms
AB Volvo's Annual General Meeting was held on April 14, 2010 in Göteborg. More information here
Welcome to view and download the Volvo Group Annual Report for 2009
During the second quarter, the Volvo Group’s sales continued to increase as a result of the gradual recovery in demand in most of the Group’s markets. At the same time, profitability continued to improve thanks to the sales increase, strict control over our costs and a good productivity development in our industrial system. Adjusted for exchange-rate fluctuations, the Group’s sales rose 31% compared with the second quarter of 2009. Operating income reached SEK 4.8 billion in the second quarter with an operating margin of 6.9%. Operating cash flow in the Industrial Operations was strong and amounted to SEK 8.5 billion.
Volvo Aero has signed an agreement to sell its US subsidiary Volvo Aero Services. The sale is expected to have a negative impact of approximately SEK 200 M on the Volvo Group’s operating income during the second quarter. At the same time, the transaction is expected to have a positive effect of about SEK 400 M on the Group’s net financial debt in the third quarter.
AB Volvo hereby invites the media to a press conference on Thursday, July 22 in conjunction with the release of the Volvo Group’s interim report for the second quarter of 2010.
