• Net sales in the second quarter 2005 increased by 15% to SEK 61,119 M (53,321)
  
  
• Income for the period increased by 40% to SEK 3 930 M (2,809) in the second quarter
  
  
• Income per share for the second quarter increased by 45% to SEK 9.67 (6.65)
  
  
• The Group’s operating margin rose to 8.8% (7.6)
  
  
• The operating cash flow amounted to SEK 3.0 bn (5.3), after a transfer to pension plans of SEK 1.9 bn
  
  
• Strongest quarter ever for the Volvo Group

As of January 1, 2005 AB Volvo complies with International Financial Reporting Standards (IFRS), previously known as IAS, in accordance with the European Union regulation. Figures for the corresponding periods in the previous year have been restated according to IFRS.

In the comments on earnings, Volvo Financial Services is reported in accordance with the equity method. Reporting in accordance with IAS 1 is provided in a separate section.