Volvo sales increase for second quarter of 2010

The Volvo Group’s sales continued to increase during the second quarter of 2010, as a result of a gradual recovery in demand in most of its markets.

Adjusted for exchange-rate fluctuations, Volvo’s sales rose 31 per cent to SEK68.8bn (£6.1bn) compared with the second quarter of 2009.

Operating income reached SEK4.8bn in the second quarter with an operating margin of 6.9 per cent.

Operating cash flow in Industrial Operations amounted to SEK8.5bn.