Volvo Group - Report on first nine months 2004
The third quarter is characterized by strong growth, improved profitability and settlements within vital structural and financial areas. Compared with the third quarter of 2003, Group sales rose by 16 percent, adjusted for currency effects.
With more than SEK 144 billion after three quarters, the Group has reached historically high sales levels. Compared with the third quarter of 2003, operating income increased 73 percent to SEK 2.8 billion. Based on order bookings, we expect continued favorable demand and growth.