The Volvo Group’s operations so far this year have been characterized by a high rate of product renewal and by structured measures designed to yield higher operating efficiency, all in line with the growth strategy that was presented at the end of 1997.
Sales increased in all business areas and exceeded SEK 100 billion. The level of activity to achieve good annual growth and profitability is high in all business areas.
The present product program, solid order bookings and improved utilization of synergies - combined with the establishment of operations in new and growing markets - have strengthened Volvo’s position.