Volvo Group - Report on first three months 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. Sales continue to increase in Europe and South America as well as in the Middle East and most of Asia. We can conclude that our increased presence in growth markets in Eastern Europe and Asia, among others, more than well offset the weaker trend in North America. Asia is now the Group's second largest market.
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