Volvo – Three months ended March 31, 2004
2004-04-23
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| First three months | |
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| 2004 | 2003 |
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Net sales, SEK M |
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| 45,489 | 40,931 |
Operating income, SEK M* |
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| 2,219 | 909 |
Revaluation of shares in Scania AB |
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| 697 | - |
Operating income, SEK M |
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| 2,916 | 909 |
Income after financial items, SEK M |
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| 2,876 | 757 |
Net income, SEK M |
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| 2,248 | 506 |
Income per share, SEK* |
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| 3.70 | 1.20 |
Income per share, SEK |
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| 5.40 | 1.20 |
Return on shareholders' equity during most recent 12 months period, % | 2.7 | 3.3 | ||
* Excluding revaluation of shares in Scania AB. |
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- Net sales for the first quarter 2004 increased to SEK 45,489 M (40,931), reflecting strong organic growth
- Net income increased to SEK 2,248 M (506) in the quarter
- Income per share for the first three months was SEK 5.40 (1.20). Income per share for the most recent 12 -month period amounted to SEK 4.90
- The Scania B shares sold to Deutsche Bank. The Annual General Meeting resolved to distribute the Scania A shares in the form of Ainax shares to the shareholders’ of AB Volvo. In total SEK 14.0 billion to be transferred to the shareholders
- The Volvo Group expands in China. Agreement on engine manufacturing in place and truck plant opened
- Cash flow after net investments excluding Financial Services improved to SEK 14.7 billion (negative: 2.2). The divestment of shares in Scania contributed SEK 14.9 billion.
For further information contact:
Investor Relations: Fredrik Brunell +46 31 66 11 91
Christer Johansson +46 31 66 13 34
Patrik Stenberg +46 31 66 13 36
John Hartwell +1 212 418 7432
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|
|
|
|
|
|
| First three months | |
|
|
| 2004 | 2003 |
|
|
|
|
|
Net sales, SEK M |
|
| 45,489 | 40,931 |
Operating income, SEK M* |
|
| 2,219 | 909 |
Revaluation of shares in Scania AB |
|
| 697 | - |
Operating income, SEK M |
|
| 2,916 | 909 |
Income after financial items, SEK M |
|
| 2,876 | 757 |
Net income, SEK M |
|
| 2,248 | 506 |
Income per share, SEK* |
|
| 3.70 | 1.20 |
Income per share, SEK |
|
| 5.40 | 1.20 |
Return on shareholders' equity during most recent 12 months period, % | 2.7 | 3.3 | ||
* Excluding revaluation of shares in Scania AB. |
|
|
|
|
- Net sales for the first quarter 2004 increased to SEK 45,489 M (40,931), reflecting strong organic growth
- Net income increased to SEK 2,248 M (506) in the quarter
- Income per share for the first three months was SEK 5.40 (1.20). Income per share for the most recent 12 -month period amounted to SEK 4.90
- The Scania B shares sold to Deutsche Bank. The Annual General Meeting resolved to distribute the Scania A shares in the form of Ainax shares to the shareholders’ of AB Volvo. In total SEK 14.0 billion to be transferred to the shareholders
- The Volvo Group expands in China. Agreement on engine manufacturing in place and truck plant opened
- Cash flow after net investments excluding Financial Services improved to SEK 14.7 billion (negative: 2.2). The divestment of shares in Scania contributed SEK 14.9 billion.
For further information contact:
Investor Relations: Fredrik Brunell +46 31 66 11 91
Christer Johansson +46 31 66 13 34
Patrik Stenberg +46 31 66 13 36
John Hartwell +1 212 418 7432