• In the second quarter, net sales increased by 6% to SEK 83.9 billion (79.0) which is the highest sales so far for a second quarter. Adjusted for currency movements and acquired and divested units, sales increased by 1%.
  • The second quarter operating income amounted to SEK 7,335 M (7,648), including a positive impact of SEK 495 M from VAT credits in Brazil relating to previous years. Compared to the second quarter of 2011, changes in exchange rates had a positive impact of SEK 513 M.
  • Operating margin in the second quarter was 8.7% (9.7).
  • In the second quarter, basic and diluted earnings per share amounted to SEK 2.40 (2.52).
  • In the second quarter, operating cash flow in the Industrial Operations was positive in an amount of SEK 2.5 billion (positive SEK 5.2 billion).
  • AB Volvo acquires shares in engine manufacturer Deutz AG and increases ownership to 25%.
  • AB Volvo divests Volvo Aero to British GKN for SEK 6.9 billion.