Volvo Group - Report on first six months 2010

The Volvo Group Report on first six months 2010 was published on July 22, 2010

CEO's comments - good sales and profitability trend

During the second quarter, the Volvo Group’s sales continued to increase as a result of the gradual recovery in demand in most of the Group’s markets. At the same time, profitability continued to improve thanks to the sales increase,  strict control over our costs and a good productivity development in our industrial system. Adjusted for exchange-rate fluctuations, the Group’s sales rose 31% compared with the second quarter of 2009 and operating income reached SEK 4.8 billion with an operating margin of 6.9%.

- Leif Johansson, President and CEO -

Press conference

Conference call for investors and analysts