• Net sales increased by 7% to SEK 65,472 M (61,119) in the second quarter
  
  
• Income for the period increased by 19% to SEK 4,680 M (3,931) the second quarter
  
  
• Basic earnings per share rose to SEK 11.53 (9.68) during the second quarter
  
  
• Operating income rose 22% to SEK 6,539 M (5,351) during the second quarter
  
  
• Operating margin rose to 10.0% (8.8) the second quarter, the highest ever
  
  
• Operating cash flow, excluding Financial Services, doubled in the second quarter and amounted to SEK 6.0 billion (3.0)
  
  
• Renewed and widened range of distribution trucks in Europe

As of January 1, 2005 AB Volvo complies with International Financial Reporting Standards (IFRS), previously known as IAS, as adopted by the European Union. In the comments on earnings however, Volvo Financial Services is reported in accordance with the equity method.

Financial information with Volvo Financial Services reported in accordance with the purchase method as it is stipulated by IFRS is provided in a separate section.