• Net sales increased by 7% to SEK 65,472 M (61,119) in the second quarter
• Income for the period increased by 19% to SEK 4,680 M (3,931) the second quarter
• Basic earnings per share rose to SEK 11.53 (9.68) during the second quarter
• Operating income rose 22% to SEK 6,539 M (5,351) during the second quarter
• Operating margin rose to 10.0% (8.8) the second quarter, the highest ever
• Operating cash flow, excluding Financial Services, doubled in the second quarter and amounted to SEK 6.0 billion (3.0)
• Renewed and widened range of distribution trucks in Europe
| Second quarter | First six months | ||
| 2006 | 2005 | 2006 | 2005 |
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|
|
|
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Net sales, SEK M | 65,472 | 61,119 | 125,644 | 113,372 |
Operating income, SEK M | 6,539 | 5,351 | 11,969 | 9,887 |
Income after financial items, SEK M | 6,457 | 5,254 | 11,929 | 9,857 |
Income for the period, SEK M | 4,680 | 3,931 | 8,678 | 7,179 |
Basic earnings per share, SEK | 11.53 | 9.68 | 21.37 | 17.60 |
Return on shareholders' equity during most recent 12 months period, % | 18.6 | 16.8 | ||
As of January 1, 2005 AB Volvo complies with International Financial Reporting Standards (IFRS), previously known as IAS, as adopted by the European Union. In the comments on earnings on pages 1-20 however, Volvo Financial Services is reported in accordance with the equity method. Financial information with Volvo Financial Services reported in accordance with the purchase method as it is stipulated by IFRS begins on page 21.
For the full report, see attachment.
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