Volvo - six months ended June 30, 2003
  • During the second quarter the new Volvo FH16 was introduced, equipped with an all-new 16-liter engine of up to 610 horsepower.
  • Net sales for the second quarter 2003 amounted to SEK 44,593 M (49,294).
  • Strong improvement in truck earnings, a favorable earnings trend in North America and improved results within Renault Trucks in Europe.
  • Net income increased to SEK 1,722 M (1,080).
  • Income per share for the second quarter amounted to SEK 4.10 (2.60).
  • Cash flow after net investments excluding Financial Services amounted to SEK 2.7 billion in the second quarter (3.2).