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Volvo - three months ended March 31, 2006

The Volvo Group’s first quarter was strong. Demand in Europe strengthened and order bookings for trucks, construction equipment, buses and marine engines increased significantly.
  • Net sales increased by 15% to SEK 60,172 M (52,253)

  • Income for the period increased by 23% to SEK 3,998 M (3,248)

  • Earnings per share rose by 24% to SEK 9.84 (7.93) before dilution

  • Group operating margin improved to 9.0% (8.7)

  • Operating cash flow, excluding Financial Services, amounted to a negative SEK 0.4 billion (neg: 1.3 billion)

  • Acquisition of 13% of the shares in Nissan Diesel, with an option to acquire an additional 6%

  • Strong demand for the new generation of trucks

 

 

 

First three months

 

 

 

2006

2005

 

 

 

 

 

Net sales, SEK M

 

 

60,172

52,253

Operating income, SEK M

 

 

5,430

4,536

Income after financial items, SEK M

 

 

5,472

4,603

Income for the period, SEK M

 

 

3,998

3,248

Earnings per share, SEK

 

 

9.84

7.93

Return on shareholders' equity during most recent 12 month period, %

18.2

15.2

 

For further information please contact: 

Investor Relations:
Christer Johansson   +46 31 66 13 34
Joakim Wahlström    +46 31 66 11 91
John Hartwell        +1 212 418 7432
Noah Weiss       +1 212 418 7431