The Volvo Group’s strong trend continued during the fourth quarter of 2011. Sales rose in all regions, profitability improved and cash flow was strong.

Volvo IT is expanding in China and a national competition among IT students helped attract top-talent university students. Three of them will now join the mission as Volvo IT crew members at the next Volvo Ocean race stop in Sanya, China. They will soon show if they have what it takes to work with IT at the extreme.

The number of votes in AB Volvo has changed due to the conversion of a total of 4 529 Series A shares to a total of 4 529 Series B shares. The conversions were implemented with the support of the opportunity for Series A shareholders to request conversion of Series A shares to Series B shares, which was entered in the Articles of Association at the 2011 Annual General Meeting.