Volvo Group ; Nine Months Ended September 30, 2008


PHOTO

STOCKHOLM, Sweden October 24, 2008: Volvo (STO:VOLVA)(STO:VOLVB)Net sales increased by 2% to SEK 69.6 billion (68.4) in the third quarter

  • In the third quarter, operating income declined by 37% to SEK 3,177 M (5,010)
  • In the third quarter, basic and diluted earnings per share declined by 36% to SEK 0.98 (1.54)
  • Operating cash flow in Industrial operations was negative in amount of SEK 6.1 billion (neg. 0.4)
  • Significant impact from increased costs for raw materials and components
  • Increased research and development efforts ahead of new emission regulations and for hybrid projects
  • Slowdown in demand and restructuring costs
  • Volvo Group

      Third quarter   First nine months
        2008   2007   2008   2007   Change,%
    Net sales Volvo Group, SEK M   69,604   68,367   226,713   200,849   13  
    Operating income Volvo Group, SEK M   3,177   5,010   16,850   16,457   2  
    Operating income Industrial operations, SEK M   2,786   4,555   15,691   15,186   3  
    Operating income Customer Finance, SEK M   391   454   1,159   1,270   (9 )
    Operating margin Volvo Group, %   4.6   7.3   7.4   8.2    
    Income after financial items, SEK M   2,898   4,571   16,520   15,948   4  
    Income for the period, SEK M   2,000   3,149   11,364   10,935   4  
    Diluted earnings per share, SEK   0.98   1.54   5.58   5.37    
    Return on shareholders' equity, rolling 12 months, %           18.9   17.3    

    Home | Buyers Guides By Make | New Car Buyers Guide | Used Car Super Search | Total New Car Costs | New Car and Truck Reviews
    Automotive News | TACH-TV | Media Library | Discount Auto Parts

    Copyright © 1996-2014 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by The Auto Channel, LLC and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

    Privacy Statement | Size Does Matter | Media Kit | Affiliates

    Send your questions, comments, and suggestions to Editor-in-Chief@theautochannel.com.

    Submit Company releases or Product News stories to submit@theautochannel.com.
    Place copy in body of email, NO attachments please.

    To report errors and other problems with this page, please use this form.

    Link to this page: http://www.theautochannel.com/