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Volvo Group – six months ended June 30, 2007

"During the second quarter, demand remained favorable in most of our markets in Europe, Asia and South America. ..."
  • Net sales increased by 5% to SEK 71.4 billion (68.0) in the second quarter
    Adjusted for changes in exchange rates, and acquired and divested units, net sales decreased by 1%
  • Operating income decreased by 6% to SEK 6.119 M (6.539) in the second quarter
  • Income for the period decreased by 14% to SEK 4.030 M (4.680) in the second quarter
  • Diluted earnings per share amounted to SEK 1.98 (2.31) in the second quarter
  • The Industrial Operation’s operating cash flow amounted to SEK 6.1 billion (6.0) in the second quarter
  • Nissan Diesel and Ingersoll Rand Road Development consolidated in the Volvo Group for the first time in the second quarter

Volvo Group

 

 

 

 

 

 

Second quarter

First six months

 

2007

2006

2007

2006

Change

Net sales Volvo Group

71,446

67,994

132,482

130,729

1%

Operating income Volvo Group

6,119

6,539

11,447

11,969

(4%)

  Operating income Industrial operations

5,698

6,055

10,631

11,081

(4%)

  Operating income Customer Finance

421

484

816

888

(8%)

Operating margin Volvo Group

8.6

9.6

8.6

9.2

 

Income after financial items

5,970

6,457

11,377

11,929

(5%)

Income for the period

4,030

4,680

7,786

8,678

(10%)

Diluted earnings per share, SEK

1.98

2.31

3.83

4.27

 

Return on shareholders' equity last 12 months, %

 

17.9

18.6

 

The full report will be published on volvo.com: Financial reports

For
further information, pls contact:
Christer Johansson, +46 31 66 13 34
Joakim Wahlström, +46 31 66 11 91
Patrik Stenberg, +46 31 66 13 36
John Hartwell, +1 212 418 7432
Noah Weiss, +1 212 418 7431