The positive trend of Volvo Group earnings is continuing. Sales were higher in all operating sectors and operating income improved in all sectors except Volvo Trucks. The favorable foreign exchange situation was a contributing factor.

 

More important from an industrial and competitive perspective, however, is the rapid product renewal in most of our operating sectors. The strategy of creating a global industrial structure for Volvo Trucks - in which the benefits of large-scale operations based on the FH series concept can be exploited - is continuing. Our purposeful objective is to develop as an independent transport vehicle company in one of the world's most competitive industries.