Volvo Group; Six Months Ended June 30, 2007
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STOCKHOLM, Sweden--Regulatory News:
· Net sales increased by 5% to SEK 71.4 billion (68.0) in the second quarter
Adjusted for changes in exchange rates, and acquired and divested units, net sales decreased by 1%
· Operating income decreased by 6% to SEK 6.119 M (6.539) in the second quarter
· Income for the period decreased by 14% to SEK 4.030 M (4.680) in the second quarter
· Diluted earnings per share amounted to SEK 1.98 (2.31) in the second quarter
· The Industrial Operation’s operating cash flow amounted to SEK 6.1 billion (6.0) in the second quarter
· Nissan Diesel and Ingersoll Rand Road Development consolidated in the Volvo Group for the first time in the second quarter
| Volvo Group | ||||||||||
| Second quarter |
First six months |
|||||||||
| 2007 | 2006 | 2007 | 2006 | Change | ||||||
| Net sales Volvo Group | 71,446 | 67,994 | 132,482 | 130,729 | 1% | |||||
| Operating income Volvo Group | 6,119 | 6,539 | 11,447 | 11,969 | (4%) | |||||
| Operating income Industrial operations | 5,698 | 6,055 | 10,631 | 11,081 | (4%) | |||||
| Operating income Customer Finance | 421 | 484 | 816 | 888 | (8%) | |||||
| Operating margin Volvo Group | 8.6 | 9.6 | 8.6 | 9.2 | ||||||
| Income after financial items | 5,970 | 6,457 | 11,377 | 11,929 | (5%) | |||||
| Income for the period | 4,030 | 4,680 | 7,786 | 8,678 | (10%) | |||||
| Diluted earnings per share, SEK | 1.98 | 2.31 | 3.83 | 4.27 | ||||||
| Return on shareholders' equity last 12 months, % | 17.9 | 18.6 | ||||||||