Don't miss

Replay


LATEST SHOWS

THE INTERVIEW

'Fake news has had almost no impact on Wikipedia'

Read more

FOCUS

Iraq: Embedded with French special forces in Mosul

Read more

ENCORE!

Dominique Dalcan: Godfather of French 90s pop returns to his roots

Read more

YOU ARE HERE

Ringing the bells of northern France

Read more

IN THE PAPERS

'Trump Administration Starts with Big Lie Over Small Thing'

Read more

BUSINESS DAILY

Samsung blames batteries for Galaxy Note 7 explosions

Read more

TALKING EUROPE

EU Transport Commissioner: 'We are preparing legislation on drones'

Read more

IN THE PAPERS

French left-wing primary: The 'two lefts' go to war

Read more

TALKING EUROPE

The problem with posted workers: Free movement or free labour?

Read more

Business

Volvo posts steep decline in second quarter net sales

Latest update : 2009-07-21

Volvo, the world's second largest truck manufacturer, has posted a 45 percent decline in net sales in the second quarter of 2009 on 2008, and an operating loss of 6.8 million kronor.

AFP - The world's second-biggest truck maker Volvo Group said on Tuesday that its net sales fell by a third in the second quarter compared with the same period a year earlier.

The Swedish group’s net sales fell by 32.7 percent to 53.9 million kronor (about five million euros, seven million dollars) in the April to June period. Adjusted for currency changes and other factors, the decline was 45 percent.

It made an operating loss of 6.8 million kronor compared to an operating profit of 7.2 million in the second quarter of 2008.

"The second quarter of 2009 remained difficult in terms of earnings in the wake of the exceptionally rapid decline in demand that followed the crisis in the financial system," chief executive Leif Johansson said in the earnings statement.

Date created : 2009-07-21

COMMENT(S)