• 22-JUL-2010

Volvo Group Announces Q2 2010 Financial Results, Sales Up 31%

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. Adjusted for exchange-rate fluctuations, the Group's sales rose 31% to SEK 68.8 billion (approx. $9.3 billion) compared with the second quarter of 2009. Operating income reached SEK 4.8 billion (approx. $650 million) in the second quarter with an operating margin of 6.9%. Operating cash flow in the Industrial Operations was strong and amounted to SEK 8.5 billion (approx. $1.15 billion). Available video includes Volvo Group's facilities and products shots.