Company Profile For Volvo AB

AB Volvo is a supplier of commercial transport solutions providing products, such as trucks, buses, construction equipment, drive systems for marine and industrial applications, as well as aircraft engine components. The Company also offers its customers financial services. The business areas of the Company are Volvo Trucks, Renault Trucks, Mack Trucks, Nissan Diesel, Buses, Construction Equipment, Volvo Penta, Volvo Aero and Financial Services. The business units include Volvo 3P, Volvo Powertrain, Volvo Parts, Volvo Logistics, Volvo Technology, Volvo Information Technology (IT), Volvo Real Estate and Volvo Business Services. As of January 31, 2008, AB Volvo divested the interest in the subsidiary Mack Trucks Inc to Volvo Holding USA AB. As of December 31, 2008, the Company acquired 8.1% interest in Eicher Motors Limited. As of December 31, 2008, AB Volvo and Eicher Motors formed the joint-venture company VE Commercial Vehicles (VECV).

BRIEF: For the nine months ended 30 September 2009, AB Volvo's net sales decreased 30% to SEK158.56B. Net loss totaled SEK12.72B, vs. a net profit of SEK11.3B. Net sales reflect a decrease in demand for the Company's products and services in the Trucks, Construction Equipment and Volvo Penta business segments. Net income was offset by an increase in other operating expenses as well as lower financial income and higher financial expenses.