Volvo Group - Report on second quarter 2014
Growth in mature markets while emerging markets declined
When we summarize the market development for the second quarter and begin with the Truck operation, we can conclude that our business in North America and Japan had positive trends in market shares, volumes and capacity utilization. Following the weak first quarter, the European market recovered gradually during the second quarter, but the improvement started somewhat later than we had anticipated. During the quarter, the Brazilian market developed as we anticipated, with lower order intake and sales. With respect to Construction Equipment, the second quarter has been characterized by a considerable decline in the Chinese market. In the second quarter net sales amounted to SEK 72.6 billion (72.8). The second quarter operating income amounted to SEK 4,325 M (3,279) excluding restructuring charges of SEK 762 M (16). The operating income includes a positive effect totaling SEK 1,041 M from a capital gain on the sale of commercial real estate and the release of a provision for Volvo Rents.
- Olof Persson President and CEO -
Press and Analysts Conference 09.00 AM CEST
An on-line presentation of the report, followed by a question-and-answer session was broadcast at 09.00 CEST. Access the webcast.
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Conference Reference: 352538#
Conference call for investors and analysts 2.30 PM CEST
The conference was also webcast. Access the webcast
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Conference Reference: 352540#