First quarter 2004

Volvo Group - Report on first three months 2004 was published on April 23, 2004.
First quarter 2004

The rising volumes, combined with strong demand for the Group's new products and the effects of efficiency enhancements, contributed to better earnings in all business areas.

Volvo Trucks, Volvo CE and Volvo Penta continued to capture market shares and report a high capacity utilization in production. The increasing profitability for Volvo Aero is mainly the result of the efficiency improvements in recent years and measures to align operations to the lower demand.