Volvo's results fail to hit expectations

Article Abstract:

AB Volvo is reporting lower-than-expected second-quarter results due to ongoing weakness in North America's truck market. Although the company's units posted higher second quarter sales contributing to 52% growth on the year to 47.1 billion kroner (Euro5.07 billion), this was not enough to boost profit, which plummeted 26% to 1.81 billion kroner before taxes.

United States, Motor vehicles and car bodies, Trucks, Motor Vehicle Manufacturing, Truck industry

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Volvo's profit declines, but beats tempered views

Article Abstract:

AB Volvo posted higher than expected profits for the 2000 year. However, the firm's North American operations continued to be plagued by poor market conditions. Volvo's truck division posted a decline of 57% in its operating profit to 1.41 billion kroner (159.2 million euros) for the year.

Motor Vehicles & Parts, Transportation Equipment Manufacturing, Motor Vehicles and Equipment, Transportation equipment industry

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Investor's net rose 86% in first quarter

Article Abstract:

Investor AB posted a decline of 86% in its net profits for the 2003 first quarter. The company posted 113 million kroner in quarterly net profits, compared to 824 million kronor in the same 2002 period.

Holding companies, Company sales and earnings, Investor AB, Company earnings/profit

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