Volvo - nine months ended September 30, 2003
Volvo - nine months ended September 30, 2003 Third quarter First nine months 2003 2002 2003 2002 Net sales, SEK M 40 511 41 524 126 035 131 203 Operating income, SEK M 1 617 817 4 768 2 014 Income after financial 1 298 584 4 098 1 276 items, SEK M Net income, SEK M 956 421 3 184 755 Sales growth, % (2.4) 0.9 (3.9) (0.6) Income per share, SEK 2.30 1.00 7.60 1.80 Return on shareholders' equity during most 5.0 0.3 recent 12 months period, % · The new Volvo NH and Volvo VM trucks have been introduced in South America. In addition, Volvo Penta launched a completely new product offering for leisure boats. · Net sales for the third quarter 2003 amounted to SEK 40,511 M (41,524). · Strong improvement in truck operations due to improved results in North America and a favorable earnings trend in Europe within both Renault Trucks and Volvo Trucks. · Net income increased to SEK 956 M (421) in the third quarter. · Income per share for the third quarter amounted to SEK 2.30 (1.00). Income per share for the most recent 12-month period was SEK 9.10. · Cash flow after net investments excluding Financial Services was negative in an amount of SEK 0.8 billion in the third quarter (negative: 0.9). Aktiebolaget Volvo (publ) Contacts 556012-5790 Investor Relations: Fredrik Brunell Investor Relations, VHQ +46 31 66 11 91 SE-405 08 Göteborg Christer Johansson Sweden +46 31 66 13 34 Tel +46 31 66 00 00 Patrik Stenberg Fax +46 31-53 72 96 +46 31 66 13 36 www.volvo.com Media Relations: Mårten Wikforss +46 31 66 11 27 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/10/23/20031023BIT00030/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/10/23/20031023BIT00030/wkr0002.pdf The full report