• In the fourth quarter, net sales increased by 8% to SEK 76.6 billion (70.8). Adjusted for currency movements and acquired and divested units net sales increased by 13%.
  • The fourth quarter operating income amounted to SEK 3,077 M (2,190) excluding restructuring charges of SEK 581 M (990) and a write-down of Volvo Rents of SEK 1,500 M. Including restructuring charges and the write-down operating income amounted to SEK 996 M (1,200). Currency exchange rates had a negative impact of SEK 1,007 M.
  • Operating margin in the fourth quarter was 4.0% (3.1) excluding restructuring charges and the write-down of Volvo Rents. Including restructuring charges and the write-down operating margin amounted to 1.3% (1.7).
  • In the fourth quarter, diluted earnings per share were SEK 0.24 (0.40).
  • In the fourth quarter, operating cash flow in the Industrial Operations was positive in an amount of SEK 10.3 billion (4.7), which contributed to a reduction of the net financial debt-to-equity-ratio to 29.0%.
  • The Board of Directors proposes a dividend of SEK 3.00 per share (3.00).
  • Structural reduction of white-collar employees by 4,400 planned, including the previously announced reduction of 2,000 consultants and employees, of which a majority will be implemented during 2014.