Profit surge for Volvo trucks
Published: 21 Jul, 2006 CET.
Updated: Fri 21 Jul 2006 12:17 CET
Swedish truck maker Volvo has posted a 19 percent increase in second quarter earnings citing solid sales in Europe.
Volvo, which sold its passenger car division to Ford Motor Company in 1999, income for the period increased to 4.6 billion kronor for the period, up from 3.9 billion kronor during the same period in 2005.
The company also reported net sales increased 7 percent to 65.5 billion kronor, up from 61.1 billion kronor last year at this time.
"The new forecasts are for a market of 280,000 to 290,000 trucks in Europe and 330,000 to 340,000 trucks in North America," said Chief Executive Leif Johansson."
Comments
See Also
Volvo, which sold its passenger car division to Ford Motor Company in 1999, income for the period increased to 4.6 billion kronor for the period, up from 3.9 billion kronor during the same period in 2005.
The company also reported net sales increased 7 percent to 65.5 billion kronor, up from 61.1 billion kronor last year at this time.
"The new forecasts are for a market of 280,000 to 290,000 trucks in Europe and 330,000 to 340,000 trucks in North America," said Chief Executive Leif Johansson."
Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.