- Net sales in the third quarter 2005 increased by 14% to SEK 52,532 M (46,024)
- In the third quarter, income for the period increased by 151% to SEK 2,935 M (1,167*)
- Income per share for the third quarter increased by 163% to SEK 7.24 (2.75*)
- The Group’s operating margin rose to 7.6% (6.3) in the third quarter, with all business areas improving profitability
- Third quarter operating cash flow was a negative SEK 0.7 billion (neg: 2.9), after a transfer of SEK 1.5 billion to pension funds
- Important product launches within truck operations
* Write-downs of SEK 1,310 M relating to Henlys Group were included in the income for the third quarter 2004.
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 preceding 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 beginning in a separate section.
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