• 24-OCT-2007

Volvo Group Announces Q3 2007 Results, Net Sales up 13%

The Volvo Group, one of the world's leading transportation manufacturers, reported that in the third quarter of 2007 net sales increased by 13% to SEK 68.4 ($10.5) billion, compared with SEK 60,5 ($9.3) billion in the same quarter last year. The operating income rose by 54% to SEK 5 billion ($770 million) from SEK 3.3 billion ($509 million) the previous year. Demand remained strong for products and services in most markets in Europe, Asia and South America. Moving towards 2008, Volvo Group is preparing for a continued strong demand in Europe, with a truck market that is projected to increase by 5-10%.