The Volvo Group is in a phase of continuing strong growth and change. Another major step in the final liquidation of non-core operations was taken through the sale of Pripps Ringnes to the Norwegian company Orkla.
Developments during the first three months of the year represent the continuation of a positive trend that began in the autumn of 1996. Sales were higher in all operating sectors except Volvo Trucks. Operating income in the automotive operations improved considerably, compared with the year-earlier period - but from a low level.