- Net sales for the first quarter 2004 increased to SEK 45,489 M (40,931), reflecting strong organic growth.
- Net income increased to SEK 2,248 M (506) in the quarter.
- Income per share for the first three months was SEK 5.40 (1.20). Income per share for the most recent 12 -month period amounted to SEK 4.90.
- The Scania B shares sold to Deutsche Bank. The Annual General Meeting resolved to distribute the Scania A shares in the form of Ainax shares to the shareholders’ of AB Volvo. In total SEK 14.0 billion to be transferred to the shareholders.
- The Volvo Group expands in China. Agreement on engine manufacturing in place and truck plant opened.
- Cash flow after net investments excluding Financial Services improved to SEK 14.7 billion (negative: 2.2). The divestment of shares in Scania contributed SEK 14.9 billion.
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