Favorable earnings trend - operating margin of 7.3%

During the fourth quarter of 2010, the truck operation’s net sales amounted to SEK 48,041 M, which was 28% higher than the fourth quarter of 2009. Adjusted for changes in exchange rates net sales increased by 34% compared to the fourth quarter of 2009.

The truck operations posted an operating income of SEK 3,490 M in the fourth quarter of 2010 compared with an operating loss of SEK 1,316 M in the fourth quarter of 2009. The operating margin improved to 7.3%, compared with a negative 3.5% in the fourth quarter of 2009. Increased sales volumes, higher capacity utilization and continued strict control of operating expenses had a positive effect on earnings in the quarter.