Volvo CE reported strong second quarter sales, with an increase of 24 percent and an operating income up by 10 percent. Net sales in the second quarter amounted to $2.07 billion, up from $1.67 billion in the second quarter of 2006. Operating income increased to $204.5 million from $186.7 million in the same period in 2006. The increase in income was largely due to higher volumes and high levels of capacity utilization. Operating margin was 9.9 percent, down from 11.2 percent in the second quarter last year.
Volvo CE sales up 24 percent
Aug 27, 2007