Volvo Group - Report on 2009 operations
Comments by the CEO - successful inventory reduction and strong cash flow
In the fourth quarter, the Volvo Group continued to have substantial costs in connection with its effort to adjust the cost structure to a considerably lower level of demand in the wake of the financial crisis. The main focus during the quarter was on cash flow and the Group created a positive cash flow of SEK 8.6 billion, which is one of the best cash inflows ever for a single quarter.
- Leif Johansson, President and CEO
Conference call for investors and analysts