- - -

JOBS

EXECUTIVE JOBS

INVEST IN STOCKHOLM NEWSLETTER

SWEDISH WIRE NEWSLETTER

EMBASSIES/
CONSULATES
IN SWEDEN

RSS FEEDS

STOCKS

FLIGHTS, HOTELS AND HOLIDAYS

- - -
Investment opportunities

Tips from an insider: Five innovative tech startups

Tips from an insider: Stockholm tech start-ups

5 hot life science firms in Stockholm

Stockholm's top five infrastructure projects

Four Stockholm-based ICT firms to watch

Stockholm pioneers life science research

ICT startups offer investment opportunity

Swedish companies ready for exit

Five med-tech investment opportunities

Six cleantech investment opportunities

- - -
Rankings and surveys

Sweden tops English-language skills ranking

Sweden ranked world's best country to grow old

Swedish passport world's best for travellers

Sweden second best country for mothers

Stockholm climbs in competitiveness rankings

Sweden among best countries to be born

Fortune: 'Stockholm top place for startups'

Sweden tops first global Web Index

Sweden world's second most innovative country

Stockholm world's 6th 'best city'

'Cool Stockholm' most competitive Nordic capital

Sweden has (second) best reputation in the world

Sweden among top in Internet download speed

Sweden scores highest in 'Rule of law index'

Stockholm world's No1 in intellectual capital

Sweden the world's most ICT-competitive country

Sweden great place for moms – but Norway better

Swedes place 4th in English skills ranking

Sweden among top ICT countries

Sweden’s 10 greenest brands

‘Sweden needs to sell itself more’

Sweden overtakes the US in competitiveness

Sweden 10th ‘most admired country globally’

Sweden climbs in 'doing business' ranking

Sweden among world's least corrupt nations

Sweden's mortality rates world's second lowest

Sweden a good place to die – but Britain is best

Children in Sweden have best lives

Sweden the most competitive EU nation

Safe to do business with Swedes

How Sweden became an innovation frontrunner

Nordic countries world's most food-secure

Sweden the world’s best country – politically

Swedish firms among world's top brands

Swedish brands climb in global ranking

Sweden tops government ranking - while US lags 

'Swedish model' outranks 'American dream'  

Sweden among world's least corrupt nations

The Swedish Wire is a media production company that provides high-quality text, image and video content for international clients.

Volvo: Volvo Group - the fourth quarter and full year 2012

Press release published at The Swedish Wire


In the fourth quarter the Volvo Group's net sales declined to SEK 71.8 billion (86.5) as a result of lower economic activity in many of our markets and a continued uncertainty about the future direction that makes our customers more cautious. However, overall we have maintained our market positions with some regional variations. Operating income declined to SEK 1,121 M (6,955). For the full-year 2012, the Volvo Group's net sales amounted to SEK 303.6 billion (310.4) with an operating income of SEK 17.6 billion (26.9) and an operating margin of 5.8% (8.7).

· In the fourth quarter, net sales decreased by 17% to SEK 71.8 billion (86.5). Adjusted for currency movements and acquired and divested units, sales decreased by 12%.
· The fourth quarter operating income amounted to SEK 1,121 M (6,955) including restructuring charges of SEK 990 M and a positive impact of SEK 254 M from the divestment of Volvo Aero.
· Operating margin in the fourth quarter was 1.6% (8.0).
· In the fourth quarter, basic and diluted earnings per share were SEK 0.39 (2.33).
· In the fourth quarter, operating cash flow in the Industrial Operations was positive in an amount of SEK 4.7 billion (10.7) primarily driven by a SEK 5.4 billion reduction in inventories.
· Net financial debt reduced by SEK 12 billion and equal to 29% of equity in the Industrial Operations.
· The Board of Directors proposes a dividend of SEK 3.00 per share (3.00).
· Volvo Group to become world's largest heavy-duty truck manufacturer following strategic alliance with Chinese company Dongfeng Motor Group.

"On a Group level the first quarter of 2013 will also be difficult as a result of the low order intake in many markets during the fourth quarter of 2012. Profitability will be affected by low capacity utilization, high spend levels in research and development and costs associated with the launch of new products. However, we expect market conditions to gradually improve during the course of 2013 when economic growth across the world gains momentum." Olof Persson, President and CEO.

   
For an English PDF version of the report, please click here: Volvo Group Q4 2012 PDF (http://www3.volvo.com/investors/finrep/interim/2012/q4/q4_2012_eng.pdf)

For an English web version of the report please click here: Volvo Group Q4 2012 HTML (http://www3.volvo.com/investors/finrep/interim/2012/q4/eng/index.html)

For a mobile version of the report please click here: Volvo Group Q4 2012 Mobile
 (http://www3.volvo.com/investors/finrep/interim/2012/q4/eng/mobile/index.html)   
 (http://www3.volvo.com/investors/finrep/interim/2012/q4/eng/mobile/index.html)

Aktiebolaget Volvo (publ) 556012-5790 Contacts Investor Relations:
Investor Relations, VHQ Christer Johansson  +46 31 66 13 34
SE-405 08 Göteborg, Sweden Patrik Stenberg  +46 31 66 13 36
Tel +46 31 66 00 00 Anders Christensson  +46 31 66 11 91
www.volvogroup.com John Hartwell  +1 201 252 8844



This information was distributed by Cision
 

Latest Jobs for English speakers in Sweden

Banner

Jobs for English speakers in Sweden

Banner
Banner
Most Read Searched  
Banner
Banner
Banner