Volvo Group – Report on the first quarter 2012

During the first quarter of 2012, the Volvo Group’s sales development continued
to be strong. Net sales rose by 10% to SEK 78.8 billion and was the highest so
far for a first quarter. The operating income of SEK 6.2 billion was on par with
the year-earlier period, adjusted for the nonrecurring items that impacted the
first quarter of both this year and last year.

 

  · In the first quarter,
net sales increased by 10% to SEK 78.8 billion (71.6). Adjusted for currency
movements and acquired and divested units, net sales increased by 7%.

  · The
first quarter operating income amounted to SEK 6,239 M (6,522) including a
negative impact of SEK 66 M related to a dispute with the Environmental
Protection Agency in the US. Compared to the first quarter of 2011, changes in
exchange rates had a positive impact of SEK 403 M.

  · Operating margin in
the first quarter was 7.9% (9.1).

  · In the first quarter, basic and diluted
earnings per share amounted to SEK 1.98 (2.01).

  · In the first quarter,
operating cash flow in the Industrial Operations was negative in an amount of
SEK 4.9 billion (negative SEK 4.0 billion) reflecting normal
seasonality.

 

“In the first quarter, the Volvo Group showed its strength
in being a global operation, when setbacks in some of our important markets were
offset by positive developments in other markets. We will continue to invest to
further increase our presence in growth markets by developing new products and
further strengthening the sales and service networks.” Olof Persson, President
and CEO.

 

For an English PDF version of the report, please click here:
Volvo Group Q1 2012
PDF (http://www3.volvo.com/investors/finrep/interim/2012/q1/q1_2012_eng.pdf)

F
or an English web version of the report please click here: Volvo Group Q1 2012
HTML (http://www3.volvo.com/investors/finrep/interim/2012/q1/eng/index.html)

F
or a mobile version of the report please click here: Volvo Group Q1 2012
Mobile (http://www3.volvo.com/investors/finrep/interim/2012/q1/eng/mobile/index.
h 
tml)

 

Aktiebolaget Volvo  Contacts Investor Relations:
(publ) 556012
-5790  Christer Johansson         +46 31 66 13 34
Investor            Patrik
Stenberg              +46 31 66 13 36
Relations, VHQ      Anders
Christensson       +46 31 66 11 91
SE-405 08           John Hartwell
           +1 212 418 7432
Göteborg, Sweden
Tel +46 31 66
00
00  
www.volvogroup.com