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Volvo Group – Report on the fourth quarter and full-year 2011

2/3/2012 1:30 AM EST  -   Volvo
The Volvo Group’s strong trend continued during the fourth quarter of 2011. Sales rose in all regions, profitability improved and cash flow was strong.
 

· In the fourth quarter net sales increased by 18% to SEK 86.5 billion (73.4). Adjusted for currency movements and acquired and divested units, sales increased by 20%. For the full year net sales increased by 17% to SEK 310.4 billion (264.7).
 

· The fourth...

Volvo Group – report on the third quarter 2011

10/25/2011 1:30 AM EST  -   Volvo
During the third quarter of 2011, demand remained favorable in most of the Volvo Group’s markets. Sales rose to SEK 73.3 billion. Operating income improved to SEK 5.8 billion, compared with SEK 4.9 billion in the year-earlier period, corresponding to an operating margin of 7.9% (7.7). Operating cash flow in the industrial operations amounted to SEK 2.2 billion.

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In the third quarter, net sales increased by 15% to...

New number of votes in AB Volvo

9/30/2011 1:30 AM EST  -   Volvo
The number of votes in AB Volvo has changed due to the conversion of a total of 3,013,228 Series A shares to a total of 3,013,228 Series B shares. The conversions were implemented with the support of the opportunity for Series A shareholders to request conversion of Series A shares to Series B shares, which was entered in the Articles of Association at the 2011 Annual General Meeting.

Volvo Group – report on the second quarter 2011

7/22/2011 1:30 AM EST  -   Volvo
During the second quarter, the Volvo Group’s sales continued to grow as an effect of a continued recovery in the Group’s mature markets and continued strong demand in emerging markets. Consolidated sales grew 15% compared with the second quarter of 2010 and amounted to SEK 79 billion. Operating income amounted to SEK 7.6 billion with an operating margin of 9.7%.

· In the second quarter, net sales increased by 15%...

New number of votes in AB Volvo

6/30/2011 2:30 AM EST  -   Volvo
The number of votes in AB Volvo has changed due to the conversion of a total of 3,232,011 Series A shares to a total of 3,232,011 Series B shares. The conversions were implemented with the support of the opportunity for Series A shareholders to request conversion of Series A shares to Series B shares, which was entered in the Articles of Association at the 2011 Annual General Meeting.

Borgstena Gruppen has selected IFS Applications to manage its Automotive Cut & S...

3/28/2011 3:00 AM EST  -   IFS
IFS, the global enterprise applications company, today announces that Borgstena Gruppen, a global supplier of automotive interior solutions, has selected IFS Applications to support the operations at their new Cut & Sew factory in Romania (Trimsol Romania). The main aim of the company is to control the manufacturing process and improve the supply chain process. The contract has a total value of EUR 220,000, and...

Olof Persson appointed new Volvo CEO

3/16/2011 2:30 AM EST  -   Volvo
The Board of Directors of AB Volvo has decided to appoint Olof Persson, 46, currently President of Volvo Construction Equipment, as the new President and Chief Executive Officer of Volvo.    Olof Persson will assume the position as President of AB Volvo and CEO of the Volvo Group on September 1 this year when Leif Johansson, as announced previously, retires. As of May 1, Olof Persson will become Executive Vice...

Volvo Group – Report on the fourth quarter and full-year 2010

2/4/2011 1:30 AM EST  -   Volvo
During the fourth quarter of 2010, the Volvo Group continued to grow at a good pace with higher sales in all regions, improved profitability and a very strong cash flow. Year-on-year sales were up 23% to SEK 73.4 billion. Operating income improved to SEK 5.5 billion and the operating cash flow from Industrial operations amounted to SEK 15.1 billion. As a result of improved profitability and strong cash flow, net...

Volvo Group – nine months ended September 30, 2010

10/22/2010 1:30 AM EST  -   Volvo
In the third quarter of 2010, the Volvo Group’s sales increased by 32% to SEK 64 billion. Sales rose in all of the Group’s markets. Meanwhile, profitability continued to improve as a consequence of higher sales volumes, strict control over costs, and increased capacity utilization and a favorable productivity trend in the industrial systems. Operating income rose to SEK 4.9 billion and the Group reached an operating...

Leading researcher in biological diversity and ecosystem services to receive the...

8/31/2010 4:00 AM EST  -   Volvo
Professor Harold Mooney of Stanford University in California has been named recipient of the 2010 Volvo Environment Prize. He is one of the world’s leading researchers into biodiversity and ecosystem services, an area currently attracting global attention.
The Volvo Environment Prize is an annual scientific award now presented for the 21st time. This year’s prizewinner has for many years been a leading light...