Volvo - Six Months Ended June 30, 2006.STOCKHOLM, Sweden -- Volvo (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :VOLV)(STO:VOLVA)(STO:VOLVB) - six months ended June 30, 2006 --Net sales increased by 7% to SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 65,472 M (61,119) in the second quarter --Income for the period increased by 19% to SEK 4,680 M (3,931) the second quarter --Basic earnings per share rose to SEK 11.53 (9.68) during the second quarter --Operating income rose 22% to SEK 6,539 M (5,351) during the second quarter --Operating margin rose to 10.0% (8.8) the second quarter, the highest ever --Operating cash flow, excluding Financial Services, doubled in the second quarter and amounted to SEK 6.0 billion (3.0) --Renewed and widened range of distribution trucks in Europe
Second quarter First six months
2006 2005 2006 2005
Net sales, SEK M 65,472 61,119 125,644 113,372
Operating income, SEK M 6,539 5,351 11,969 9,887
Income after financial items,
SEK M 6,457 5,254 11,929 9,857
Income for the period, SEK M 4,680 3,931 8,678 7,179
Basic earnings per share, SEK 11.53 9.68 21.37 17.60
Return on shareholders'
equity during most recent 12
months period, % 18.6 16.8
As of January 1, 2005 AB Volvo complies with International Financial Reporting Standards International Financial Reporting Standards (IFRS) are standards and interpretations adopted by the International Accounting Standards Board (IASB). Many of the standards forming part of IFRS are known by the older name of International Accounting Standards (IAS). (IFRS IFRS International Financial Reporting Standard(s) IFRS Inter Frame Relay Service IFRS Indiana Facilities Registry System ), previously known as IAS See iPlanet Application Server. 1. (computer) IAS - The first modern computer. It had main registers, processing circuits, information paths within the central processing unit, and used Von Neumann's fetch-execute cycle. , as adopted by the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community . In the comments on earnings on pages 1-20 however, Volvo Financial Services Volvo Financial Services develops and coordinates Volvo's operations within customer financing, insurance, treasury, real estate and related services. It's focused exclusively on providing financial services to the Group's internal and external customers. is reported in accordance with the equity method. Financial information with Volvo Financial Services reported in accordance with the purchase method as it is stipulated by IFRS begins on page 21. Aktiebolaget Volvo (publ) 556012-5790 Investor Relations, VHQ SE-405 08 Goteborg, Sweden Tel +46 31 66 00 00 Fax +46 31 53 72 96 www.volvo.com This information was brought to you by Waymaker http://www.waymaker.net |
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