Volvo - Report on 2004 operations

  • Net sales for the fourth quarter 2004 increased by 19%, adjusted for currency effects and acquired operations and amounted to SEK 57,113 M (48,733), reflecting strong organic growth

  • Net income increased to SEK 3,494 M (loss: 2,886) in the quarter

  • Income per share for the fourth quarter was SEK 8.40 (loss: 6.88)

  • Cash flow after net investments excluding Financial Services was SEK 9.2 bn (7.8)

  • Improved earnings in all business areas

  • The Board of Directors propose
    - Ordinary dividend of SEK 12.50 per share
    - Cancellation of treasury stocks above 5% of company shares
    - Renewed mandate for a buy-back program up to 10% of company shares