Volvo Group - Report on 2001 operations
The negative economic trends were reflected in the Group's operating results, which were unsatisfactory throughout the entire year. The fourth quarter results continued the trend from previous quarters, however the integration of the truck companies had a positive effect on earnings.
The continued focus on cash flow was successful, and we were able to deliver positive cash flow for the full year, particulary during the last quarter.
Despite the difficult economic conditions, the year was characterized by extensive product renewal. The simultaneous launch during the fourth quarter of Volvo Truck's new FH and FM series, was the largest-ever product introduction.