Fourth quarter and full year 2004

Volvo Group - Report on 2004 operations was published on February 10, 2005.
Fourth quarter and full year 2004

Supported by strong economic growth and new products, sales rose sharply in 2004 and totaled SEK 201 billion, an increase of 15% compared with 2003. Operating income more than doubled compared with a year earlier, to SEK 14,2 billion. This is the Group highest earnings in history, excluding gains from nonrecurring events.

The truck operations were very strong. Deliveries increased by 48% in North America and 12% in Europe. A total of 193,000 trucks were delivered, which is a record for the Volvo Group. Operating income for trucks more than doubled, to SEK 9 billion.