Volvo Group - Report on first six months 2008
A strong second quarter
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. Operating income improved by 17% to SEK 7.2 billion and the operating margin rose to 8.9% due to favorable development in the truck business, Construction Equipment and Volvo Penta. The return on shareholders' equity reached slightly more than 20%.