Second quarter 2010
CEO's comments - good sales and profitability trend
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 and operating income reached SEK 4.8 billion with an operating margin of 6.9%.
- Leif Johansson, President and CEO -