Press releases

Total deliveries from the Volvo Group’s truck operations in October amounted to 22,028 vehicles. This was an increase of 25% compared with the year-earlier period.

At Volvo’s Capital Market Day in Stockholm on November 8, President and CEO Olof Persson informed about the Group’s new financial targets, that were announced on the 22nd of September this year, and the new organization that will apply from 2012. He also emphasized the major growth potential he sees in the existing businesses which, combined with higher cost efficiency, over time gives the Group the potential to increase its operating margin by at least 3 percentage points, thus facilitating achievement of the new financial targets.

The number of votes in AB Volvo has changed due to the conversion of a total of 17,479 Series A shares to a total of 17,479 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.

During the third quarter of 2011, demand remained favorable in most of the Volvo Group’s markets. Sales rose to SEK 73.3 billion. Operating income improved to SEK 5.8 billion, compared with SEK 4.9 billion in the year-earlier period, corresponding to an operating margin of 7.9% (7.7). Operating cash flow in the industrial operations amounted to SEK 2.2 billion.

AB Volvo hereby invites the media to a press conference on October 25 in conjunction with the release of the Volvo Group report on the third quarter 2011. Please note that the press conference will take place 09:00 at Tändstickspalatset in Stockholm.

The Volvo Group is to have a new organization which better utilizes the global potential of the brands and products within the truck operations. For example, the sales and marketing of all of the truck companies will be organized in three regional organizational units, directly under the CEO. In the same manner, all product development and production of trucks and engines will be placed in two new central organizational units under the CEO.

The number of votes in AB Volvo has changed due to the conversion of a total of 3,013,228 Series A shares to a total of 3,013,228 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.

The Board of Directors of AB Volvo has decided to implement new financial targets for the Volvo Group starting in 2012.

Total deliveries from the Volvo Group’s truck operations in August amounted to 15,557 vehicles. This was an increase of 35% compared with the year-earlier period.

Have you ever been in a rush to get to work and your car won’t start? No problem. A new web and mobile service function, Commute Greener, now provides information on others in your area who travel the same route. In addition, the application can also send a ride share request to allow you to quickly make other travel arrangements. The service can also help find cycling buddies or the times of the best bus service.