Volvo Group 4Q Net Sales Fall 23 Percent

Published Friday, February 05, 2010

Volvo Group last week reported a fourth-quarter operating loss of slightly more than SEK 2 billion (about U.S. $272.3 million). According to the company, the main focus during the quarter was on cash flow and the Group created a positive cash flow of SEK 8.6 billion (U.S. $1.2 billion), which is one of the best cash inflows ever for a single quarter. Net sales in the fourth quarter decreased by 23 percent to SEK 59.8 billion (U.S. $8.1 billion) from SEK 78.0 billion (U.S. $10.6 billion) in the year-ago period. For the full year, ...

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