Volvo - Report on 2002 operations

Volvo - Report on 2002 operations 2002 2001 Net sales, SEK M 177,080 180,615 Operating income excluding 2,837 3,186 restructuring costs, SEK M Operating income, SEK M 2,837 (676) Income after financial items, SEK M 2,013 (1,866) Net income, SEK M 1,393 (1,467) Sales growth, % (2) 50 Income per share, SEK 3.30 (3.50) Return on shareholders' equity, % 1.7 (1.7) · Operating income in the fourth quarter of 2002 was SEK 823 M, compared with an operating loss of SEK 364 M in the year-earlier period. · Lower operating income in Volvo CE due to provisions related to dealer restructuring in North America and to rationalization of the production of wheeled excavators. · The North American truck business was strengthened during the fourth quarter through expansion of the dealer and service network, the closure of the Winnsboro plant and production changeover to the new Volvo VN truck at the assembly plant in New River Valley. · Strong cash flow for the full year. Cash flow after net investments amounted to SEK 4.9 billion in the fourth quarter. · The Board of Directors proposes that a dividend of SEK 8.00 per share be paid for 2002. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/02/07/20030207BIT00030/wkr0001.doc The Full Report http://www.waymaker.net/bitonline/2003/02/07/20030207BIT00030/wkr0002.pdf The Full Report