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Fourth quarter and full year 2009

Volvo Group - Report on 2009 operations was published on February 5, 2010.
Fourth quarter and full year 2009

Comments by the CEO - successful inventory reduction and strong cash flow

In the fourth quarter, the Volvo Group continued to have substantial costs in connection with its effort to adjust the cost structure to a considerably lower level of demand in the wake of the financial crisis. The main focus during the quarter was on cash flow and the Group created a positive cash flow of SEK 8.6 billion, which is one of the best cash inflows ever for a single quarter.

- Leif Johansson, President and CEO

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