Volvo - nine months ended September 30, 2003
October 23 2003 - 2:32AM
UK Regulatory
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 Goteborg 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: Marten Wikforss
+46 31 66 11 27