Volvo Group - six months ended June 30, 2007 · Net sales increased by 5% to SEK 71.4 billion (68.0) in the second quarter Adjusted for changes in exchange rates, and acquired and divested units,net sales decreased by 1% · Operating income decreased by 6% to SEK 6.119 M (6.539) in the second quarter · Income for the period decreased by 14% to SEK 4.030 M (4.680) in the second quarter · Diluted earnings per share amounted to SEK 1.98 (2.31) in the second quarter · The Industrial Operation's operating cash flow amounted to SEK 6.1 billion (6.0) in the second quarter · Nissan Diesel and Ingersoll Rand Road Development consolidated in the Volvo Group for the first time in the second quarter Volvo Group Second quarter First six months 2007 2006 2007 2006 Change Net sales Volvo Group 71,446 67,994 132,482 130,729 1% Operating income Volvo Group 6,119 6,539 11,447 11,969 (4%) Operating income Industrial operations 5,698 6,055 10,631 11,081 (4%) Operating income Customer Finance 421 484 816 888 (8%) Operating margin Volvo Group 8.6 9.6 8.6 9.2 Income after financial items 5,970 6,457 11,377 11,929 (5%) Income for the period 4,030 4,680 7,786 8,678 (10%) Diluted earnings per share, SEK 1.98 2.31 3.83 4.27 Return on shareholders' equity last 12 months, % 17.9 18.6 Contacts Investor Relations: Christer Johansson +46 31 66 13 34 Joakim Wahlström +46 31 66 11 91 Patrik Stenberg +46 31 66 13 36 John Hartwell +1 212 418 7432 Noah Weiss +1 212 418 7431
Volvo Group - six months ended June 30, 2007
| Source: Volvo, AB