Volvo Group - Report on first nine months 2006
During the third quarter, demand was stronger than expected in Europe and remained high in North America. The Group increased sales 9% and again improved profitability compared with the preceding year. With an operating margin of 9.3% after nine months, we are at an historically record level.
Accordingly, it is the Group's structurally higher profitability that is the basis for the Board's decision in the third quarter to increase the Group's financial targets.
Analyst tele conference