GOTEBORG, Sweden, Feb. 10, 2005 (PRIMEZONE) -- Volvo:
Fourth quarter Year
2004 2003 2004 2003
Net sales,
SEK M 57,113 48,733 201,496 174,768
Operating
income, SEK M* 4,644 1,766 13,380 6,033
Revaluation
of shares - (4,030) 820 (4,030)
Dividend
received
from Scania - - - 501
Operating
income, SEK M 4,644 (2,264) 14,200 2,504
Income
after
financial
items, SEK M 4,559 (2,441) 12,579 1,657
Net income, SEK M 3,494 (2,886) 9,355 298
Income per
share, SEK* 8.40 2.73 20.39 9.12
Income per
share, SEK 8.40 (6.88) 22.35 0.71
Return on shareholders' equity during most recent
12 months period, % 13.2 0.4
* Excluding revaluation of shares in Scania AB and Henlys Group Plc and dividend received from Scania AB in 2003.
- Net sales for the fourth quarter 2004 increased by 19%, adjusted for currency effects and acquired operations and amounted to SEK 57,113 M (48,733), reflecting strong organic growth
- Net income increased to SEK 3,494 M (loss: 2,886) in the quarter
- Income per share for the fourth quarter was SEK 8.40 (loss: 6.88)
- Cash flow after net investments excluding Financial Services was SEK 9.2 bn (7.8)
- Improved earnings in all business areas
- The Board of Directors proposes the AGM
-- Ordinary dividend of SEK 12.50 per share
-- Cancellation of treasury stocks above 5 % of company shares
-- Renewed mandate for a buy-back program up to 10% of the
company shares
Aktiebolaget Volvo (publ) 556012-5790Investor Relations, VHQ
SE-405 08 GoteborgSwedenTel +46 31 66 00 00 Fax +46 31 53 72 96
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