- Net sales for the full year 2005 increased by 14% to SEK 231,191 M (202,171)
Net sales in the fourth quarter 2005 increased by 15% to SEK 65,287 M (56,977)
- For 2005, income for the period increased by 32% to SEK 13,106 M (9,907)
In the fourth quarter, income for the period declined by 15% to SEK 2,994 M (3,504), impacted by a capital gain from the divestiture of Celero (+430) and a write-down of the holding in Blue Bird (-550)
- Income per share for the full year 2005 rose by 37% to SEK 32.21 (23.58)
Income per share for the fourth quarter declined by 13% to SEK 7.37 (8.45)
- The Group’s operating margin for the full year 2005 amounted to 7.9% (7.3)
In the fourth quarter, operating margin decreased to 6.5% (8.2), due among other factors to extensive product launches and realignment of production
- Full year operating cash flow, excluding Financial Services, amounted to SEK 6.8 billion (11.4) after transfers to pension plans of SEK 4.4 billion (1.1)
Fourth quarter operating cash flow, excluding Financial Services, amounted to SEK 5.8 billion (9.2) after transfers to pension plans of SEK 0.8 billion (0)
- The Board of Directors proposes the Annual General Meeting an ordinary dividend of SEK 16.75 per share (12.50)
As of January 1, 2005 AB Volvo complies with International Financial Reporting Standards (IFRS), previously known as IAS, as adopted by the European Union. 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 in a separate section. |