Volvo - three months ended march 31, 2003

Volvo - three months ended March 31, 2003 First three months 2003 2002 Net sales, SEK M 40 931 40 385 Operating income, SEK M 909 (362) Income after financial 757 (618) items, SEK M Net income, SEK M 506 (746) Sales growth, % 1.4 (7.7) Income per share during the 1.20 (1.80) first quarter, SEK Return on shareholders' equity during most 3.3 (1.6) recent 12 months period, % ·Net sales for the first quarter 2003 amounted to SEK 40,931 M(40,385). ·Strong improvement in earnings, improved Truck result in Europe, reduced losses in North America and increased profitability within Volvo CE. ·Production changeover in North America completed. ·Net income improved to SEK 506 M (loss: 746). ·Income per share for the first three months amounted to SEK 1.20 (loss: 1.80). ·Cash flow after net investments excluding Financial Services amounted to a negative SEK 2.2 billion in the first quarter (2.5). ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/04/28/20030428BIT00010/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/04/28/20030428BIT00010/wkr0002.pdf The full report