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Volvo Group – Six months ended June 30, 2008

The Volvo Group’s strong growth continued during the second quarter of 2008, while operating income improved and reached its highest level to date for a single quarter. The Volvo Group’s net sales rose by 13% to SEK 80.4 billion.

• Net sales increased 13% to SEK 80.4 billion (71.4) in the second quarter
• Operating income rose 17% to SEK 7,186 M (6,119)
• Basic and diluted earnings per share rose by 28% to SEK 2.53 (1.98)
• Operating cash flow in Industrial operations amounted to SEK 4.9 billion (6.1)

Volvo Group

 

 

 

 

 

 

Second quarter

First six months

 

2008

2007

2008

2007

Change, %

Net sales Volvo Group, SEK M

80,426

71,446

157,109

132,482

19

Operating income Volvo Group, SEK M

7,186

6,119

13,673

11,447

19

  Operating income Industrial operations, SEK M

6,799

5,698

12,905

10,631

21

  Operating income Customer Finance, SEK M

387

421

768

816

(6)

Operating margin Volvo Group, %

8.9

8.6

8.7

8.6

 1

Income after financial items, SEK M

7,481

5,970

13,622

11,377

20

Income for the period, SEK M

5,149

4,030

9,364

7,786

20

Diluted earnings per share, SEK

2.53

1.98

4.60

3.83

 

Return on shareholders' equity, %

 

 

20.5

17.9

 

Find the full report under Interim reports

July 23, 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