Grow profits Volvo

Grow profits Volvo Net profit of the Swedish Volvo AB in the first quarter of 2005. increased compared with the same period of 2004. 33% to 29.8 million euros. As reported in the report of the group revenue for the period increased by 13.9% to 479 million euros, operating profit increased by 48.5% and amounted to 41.6 million euros. These figures do not include profits derived from the sale of shares of Scania AB. The growth of financial indicators of the company relates to the growing demand for trucks in some markets, and expansion into new markets.In the first quarter of 2005. Volvo AB increased the supply truck 22% to 52 605 thousand units on the European market were sold 26 32 thousand trucks ( 5% compared to 2004), in North America - 15 209 thousand trucks ( 56%), South America - 2 533 thousand truck ( 27%), Asia - 6 876 thousand trucks ( 43%), other markets - 1 935 thousand trucks ( 20%).25.04.2005.



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