Volvo Group – Report on the fourth quarter and full-year 2011
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 quarter operating income amounted to SEK 6,955 M (5,518). Compared to the fourth quarter of 2010 changes in exchange rates had a negative impact of SEK 425 M. The full-year