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Volvo Group – Three months ended March 31, 2008

During the first quarter of 2008, Volvo’s rate of growth was very high and operating income was the Group’s highest to date for a single quarter. With net sales of SEK 77 billion, the underlying growth was 16%, excluding currency effects and acquired companies.
  • Strong sales increase in the first quarter, up 26% to SEK 76.7 billion (61.0)

  • In the first quarter, operating income rose 22% to SEK 6,487 M (5,328)

  • Income for the period rose 12% to SEK 4,215 M (3,756) in the first quarter

  • In the first quarter, basic and diluted earnings per share rose to SEK 2.07 (1.85)

  • Operating cash flow in Industrial operations was negative in an amount of SEK 3.3 billion (neg. 2.9)

Volvo Group

 

 

 

 

 

 

 

 

First quarter

 

 

 

2008

2007

Change

Net sales Volvo Group, SEK M

 

 

76,683

61,036

26%

Operating income Volvo Group, SEK M

 

 

6,487

5,328

22%

  Operating income Industrial operations, SEK M

 

 

6,106

4,933

24%

  Operating income Customer Finance, SEK M

 

 

381

395

(4%)

Operating margin Volvo Group, %

 

 

8.5

8.7

 

Income after financial items, SEK M

 

 

6,141

5,407

14%

Income for the period, SEK M

 

 

4,215

3,756

12%

Diluted earnings per share, SEK

 

 

2.07

1.85

 

Return on shareholders' equity, %

 

 

19.2

18.6

 

Find the full report under Interim reports

April 25, 2008

Contacts Investor Relations:
Christer Johansson, +46 31 66 13 34
Patrik Stenberg, +46 31 66 13 36
Anders Christensson, +46 31 66 11 91
John Hartwell, +1 212 418 7432