DOCSLIB.ORG

The Volvo Group 2006 by Creating Value for Our Customers

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Volvo Group 2006 by Creating Value for Our Customers A global group The Volvo Group is one of the leading suppliers of commercial 2 Organization The Volvo Group 2006 4 Volvo in society transport solutions providing products such as trucks, 6 Vision, mission and values buses, construction equipment, drive systems for marine 8 Market overview T By creating value for 10 CEO comment and industrial applications compo- h as well as aircraft engine e our customers, we 12 Our customers’ needs govern our nents. The Volvo Group also offers its customers strategy… V o create value for our 13 1. Profitable growth fi nancial services. l 14 2. Innovation and product development v o 15 3. Highest quality in implementation The Group has about 83,000 employees, production facilities shareholders 16 Financial strategy G in 18 countries, and sales activities in some 180 countries. 18 Leading supplier of commercial r o transport solutions During 2006 Volvo Group sales rose 7% to SEK 248 billion, u 20 Volvo 3P – Development and synergies p SEK 40.20. 24 Volvo Powertrain - Uniform power with earnings per share advancing 25% to The 2 28 Long-term strategy in Asia 0 share is listed on the Stockholm Stock Exchange and on 30 The share 0 6 Sustainable development NASDAQ in the US. 32 Introduction 35 Environmental responsibility 40 Social responsibility Board of Directors’ Report 46 Significant events 50 Financial performance 52 Financial position 54 Cash-flow statement 56 Risk management 59 Business areas 60 Mack Trucks 62 Renault Trucks 64 Volvo Trucks 66 Trucks 68 Buses Information about IFRS 70 Construction Equipment As of January 1, 2005, AB Volvo complies with International Financial Reporting Standards (IFRS), 72 Volvo Penta 74 Volvo Aero previously known as IAS, as adopted by the European Union. Figures for the corresponding peri- 76 Financial Services ods in 2004 have been restated according to IFRS. In the financial information on pages 1 to 77 Volvo Financial Services is reported in accordance with the equity method. Reporting in accor- Corporate Governance Report 78 Report dance with IAS 1 begins with Financial information on page 86. 82 Group Management 84 Board of Directors and auditors Financial information 87 Income statements 88 Balance sheets 89 Changes in shareholders’ equity w 90 Cash-flow statements w 91 Notes to the consolidated financial w statements . v 138 Parent Company AB Volvo o l v 152 Proposed disposition of unappropriated o earnings . c This report contains “forward-looking statements.” Such statements reflect management’s current expectations with respect to certain future 153 Audit Report for AB Volvo o events and potential financial performance. Although the Company believes that the expectations reflected in such forward looking statements m are reasonable, no assurance can be given that such expectations will prove to have been correct. Such statements are subject to risk and 154 Eleven-year summary uncertainties and such future events and financial performance could differ materially from those set out in the forward looking statements as a result of, among other factors, (i) changes in economic, market and competitive conditions, (ii) success of business and operating initiatives, (iii) 162 Customer offering changes in the regulatory environment and other government actions, (iv) fluctuations in exchange rates and (v) business risk management. This report does not imply that the company has undertaken to revise these forward-looking statements, beyond what is required under the Flap Definitions company’s registration contract with the Stockholm Stock Exchange if and when circumstances arise that will lead to changes compared to the date when these statements were provided. Annual General Meeting The Volvo Group’s formal financial reports are presented on pages 46-77 and 86-152 in the printed version and has been audited by the company’s auditors. A global group The Volvo Group is one of the leading suppliers of commercial 2 Organization The Volvo Group 2006 4 Volvo in society transport solutions providing products such as trucks, 6 Vision, mission and values buses, construction equipment, drive systems for marine 8 Market overview T By creating value for 10 CEO comment and industrial applications compo- h as well as aircraft engine e our customers, we 12 Our customers’ needs govern our nents. The Volvo Group also offers its customers strategy… V o create value for our 13 1. Profitable growth fi nancial services. l 14 2. Innovation and product development v o 15 3. Highest quality in implementation The Group has about 83,000 employees, production facilities shareholders 16 Financial strategy G in 18 countries, and sales activities in some 180 countries. 18 Leading supplier of commercial r o transport solutions During 2006 Volvo Group sales rose 7% to SEK 248 billion, u 20 Volvo 3P – Development and synergies p SEK 40.20. 24 Volvo Powertrain - Uniform power with earnings per share advancing 25% to The 2 28 Long-term strategy in Asia 0 share is listed on the Stockholm Stock Exchange and on 30 The share 0 6 Sustainable development NASDAQ in the US. 32 Introduction 35 Environmental responsibility 40 Social responsibility Board of Directors’ Report 46 Significant events 50 Financial performance 52 Financial position 54 Cash-flow statement 56 Risk management 59 Business areas 60 Mack Trucks 62 Renault Trucks 64 Volvo Trucks 66 Trucks 68 Buses Information about IFRS 70 Construction Equipment As of January 1, 2005, AB Volvo complies with International Financial Reporting Standards (IFRS), 72 Volvo Penta 74 Volvo Aero previously known as IAS, as adopted by the European Union. Figures for the corresponding peri- 76 Financial Services ods in 2004 have been restated according to IFRS. In the financial information on pages 1 to 77 Volvo Financial Services is reported in accordance with the equity method. Reporting in accor- Corporate Governance Report 78 Report dance with IAS 1 begins with Financial information on page 86. 82 Group Management 84 Board of Directors and auditors Financial information 87 Income statements 88 Balance sheets 89 Changes in shareholders’ equity w 90 Cash-flow statements w 91 Notes to the consolidated financial w statements . v 138 Parent Company AB Volvo o l v 152 Proposed disposition of unappropriated o earnings . c This report contains “forward-looking statements.” Such statements reflect management’s current expectations with respect to certain future 153 Audit Report for AB Volvo o events and potential financial performance. Although the Company believes that the expectations reflected in such forward looking statements m are reasonable, no assurance can be given that such expectations will prove to have been correct. Such statements are subject to risk and 154 Eleven-year summary uncertainties and such future events and financial performance could differ materially from those set out in the forward looking statements as a result of, among other factors, (i) changes in economic, market and competitive conditions, (ii) success of business and operating initiatives, (iii) 162 Customer offering changes in the regulatory environment and other government actions, (iv) fluctuations in exchange rates and (v) business risk management. This report does not imply that the company has undertaken to revise these forward-looking statements, beyond what is required under the Flap Definitions company’s registration contract with the Stockholm Stock Exchange if and when circumstances arise that will lead to changes compared to the date when these statements were provided. Annual General Meeting The Volvo Group’s formal financial reports are presented on pages 46-77 and 86-152 in the printed version and has been audited by the company’s auditors. A global group 2006 129.6 SEK bn Net sales 2006 2000 Net sales 2000 66.3 SEK bn Volvo Group customers are active in more than 2006 180 countries worldwide, mainly in Europe and 73.7 SEK bn North America as well as to a considerable 2000 38.2 SEK bn extent in Asia. Group sales of products and 2006 19.6 SEK bn services are conducted through wholly owned 2000 and independent dealers. The global service 8.7 SEK bn network handles customer demand for spare parts and other services. During 2006, the Group’s workforce rose to 2006 12.7 SEK bn 83,187 employees in 58 countries. The majority 2000 of employees are based in Sweden, France and 3.4 SEK bn the US. A key feature of the Volvo Group’s growth strategy is to increase its presence in emerging markets, primarily in Asia and Eastern Europe. During 2006, the Group increased its sales in 2006 12.5 SEK bn Eastern Europe by 41%. Volvo implemented 2000 investments in Asia during 2006 in Japan and 4.7 SEK bn China. These provided a platform for increased sales and in the long term are expected to con- tribute to the Group’s growth target. North America South America Europe Asia Rest of world Net sales, SEK M 73,657 12,533 129,613 19,610 12,722 Percentage of the Volvo Group’s sales, % 30 5 52 8 5 Production facilities ■ Mack Trucks Macungie, New River Valley (US) Las Tejerias (VE) Brisbane (AU) ■ Renault Trucks Blainville, Bourg-en-Bresse, Limoges (FR), Villaverde (ES) ■ Volvo Trucks New River Valley (US) Curitiba (BR) Göteborg, Umeå (SE), Gent (BE) Bangalore (IN), Jinan* (CN) Durban (ZA), Brisbane (AU) ■ Buses St Claire, St Eustache (CA), Mexico City (MX) Curitiba (BR) Borås, Säffle, Uddevalla (SE), Tammerfors, Åbo (FI), Wroclaw (PL) Bangalore (IN), Shanghai*, Xian* (CN) Durban (ZA) ■ Construction Equipment Asheville (US), Goderich (CA) Pederneiras (BR) Arvika, Braås, Eskilstuna, Hallsberg (SE), Konz-Könen (DE), Belley (FR), Wroclaw (PL) Changwon (KR), Shanghai (CN), Linyi* (CN) ■ Volvo Penta Lexington (US) Göteborg, Vara (SE) Wuxi* (CN) ■ Volvo Aero Boca Raton, Newington (US) Bromma, Trollhättan (SE), Kongsberg (NO) ■ Volvo Powertrain Hagerstown (US) Curitiba (BR) Köping, Skövde (SE), Vénissieux (FR) * Ownership ≥ 50% A global group 2006 129.6 SEK bn Net sales 2006 2000 Net sales 2000 66.3 SEK bn Volvo Group customers are active in more than 2006 180 countries worldwide, mainly in Europe and 73.7 SEK bn North America as well as to a considerable 2000 38.2 SEK bn extent in Asia.
Load more

Recommended publications
  • Volvo Trucks Volvo Group
    CONSTRUCTION SUMMIT ISTANBUL Zafer Arız Gökhan Kenar Johan Abrahamsson Commercial Aftersales Manager Hub Business Manager EMEA Hub South Senior Customer Finance Manager MEENA, Market East Volvo Construction Equipment Volvo Construction Equipment Volvo Trucks Volvo Group We are one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. We also provide complete solutions for financing and service. Volvo Group Construction Summit Istanbul 2019 2 09-10-2019 What we do Like a circulatory system, our trucks, buses, engines, construction equipment and financial services are involved in many of the functions that most of us rely on every day. ON THE ROAD IN THE CITY Our products help ensure that Our products are part of the daily people have food on the table, life. They take people to work, can travel to their destination and distribute goods and collect roads to drive on. garbage. We are developing to- morrow’s public transport solutions. AT THE SITE AT SEA We contribute to the extraction Our products and services are with of some of the world’s most important you, regardless of whether you are raw materials. Our engines, machines and at work on a ship or on holiday in vehicles can be found at mining and construction your pleasure boat. sites and in the middle of forests. Volvo Group Construction Summit Istanbul 2019 3 09-10-2019 Our vision To be the most desired and successful transport solution provider in the world Volvo Group Construction Summit Istanbul 2019 4 09-10-2019 Strong brands Our brand portfolio consists of Volvo, Volvo Penta, UD, Terex Trucks, Renault Trucks, Prevost, Nova Bus, Mack and Arquus.
    [Show full text]
  • Th E V O Lvo G Ro U P 2 0
    THE VOLVO GROUP ANNUAL REPORT 2012 The V olvo olvo G roup 2012 TOGETHER WE MOVE THE WORLD www.volvogroup.com A Global Group 2 CEO comment TOGETHER WE MOVE THE OperatiNG coNteXT 4 Future transport needs StrategY 8 Strategic approach BUsiNess model 22 Product offering WORLD 28 World-class services 30 A high-performing organization Without the products and services of the Volvo 32 Industrial structure Group the societies where many of us live 34 Production 35 Responsible sourcing would not function. Like lifeblood, our trucks, GroUP PerformaNce buses, engines and construction equipment are 36 Global strength involved in many of the functions that most of 38 Development by continent − Europe us rely on every day. 40 Focus new Volvo FH 42 Development by continent − North America For instance, one in seven meals eaten in 44 Development by continent − South America Europe reaches the consumers thanks to trucks 46 Focus Peru 48 Development by continent − Asia from the Volvo Group rolling on the roads of the 50 Focus Dongfeng continent. Buses are the most common type of 52 Focus Africa public transportation in the world, helping many Board of Directors’ report people to reach work, school, vacations, friends 56 Significant events and family. If all the Volvo buses in the world were 58 Trucks to start at the same time, they would transport 60 Buses more than 10 million people. Our construction 62 Construction equipment 64 Volvo Penta machines are used when building roads, houses, 66 Volvo Financial Services hospitals, airports, railroads, factories, offices, 68 Financial management shopping centers and recreational facilities.
    [Show full text]
  • Catálogo De Accesorios Toda La Oferta En Un Clic
    CATÁLOGO DE ACCESORIOS TODA LA OFERTA EN UN CLIC LA VOLONTÉVOLUNTAD DE DE RENAULT RENAULT TRUCKS TRUCKS ES ESTESTAR D’ÊTRE SIEMPRE TOUJOURS AL LADO PLUS DE SUSPROCHE CLIENTES Y DEDAR SES RESPUESTA CLIENTS ETA SUS DE SATISFAIRENECESIDADES. ÍNDICE AU MIEUX LEURS BESOINS. SOMMAIRE Con este planteamiento, y con el objetivo de OPTIMIZACIÓN Dansfacilitar cet su esprit día a et día, parce Renault que RenaultTrucks le Trucks propone OPTIMISATIONPAGE 5 souhaiteuna amplia faciliter gama votre de accesorios vie au quotidien, de calidad PAGE X nousque satisfarán vous proposons todas sus ici uneexpectativas. gamme complète SEGURIDAD d’accessoires de qualité qui sauront satisfaire PAGE 25 vosEn unos exigences pocos les clics plus podrá diverses. encontrar el accesorio que mejor se adapte a sus SÉCURITÉ Quenecesidades, ce soit pour tanto améliorer si se trata les de performances mejorar el PAGEVIDA A X BORDO derendimiento votre véhicule, del vehículo protéger como le chauffeur, de proteger PAGE 39 lesal conductor, usagers de los la usuarios route et lesde lamarchandises carretera transportées,o las mercancías privilégier transportadas, le confort o bien PERSONALIZACIÓN dessi desea chauffeurs priorizar à bord, la comodidad rendre votre de los véhicule VIEPAGE À BORD59 plusconductores unique : ovous personalizar trouverez el en vehículo. quelques PAGE X clics l’accessoire qui répond à chacune de vos attentes. ÍNDICE POR VEHÍCULOS PAGE 68 ÍNDICE POR PRODUCTOS PAGEPERSONNALISATION 100 PAGE X APÉNDICES PAGE 104 4 ACCESORIOS RENAULT TRUCKS OPTIMIZACIÓN MEJORA
    [Show full text]
  • Adblue En.Pdf
    BODYWORK FITTING GUIDE 1/400 English edition 07/2007 Recommendation "changing of position of AdBlue components" © RENAULT TRUCKS — 2007 1 / 35 9/13/2007 TABLE OF CONTENTS 1. Changing of position of AdBlue components - 1.1. Introduction ......................................................................................................................... 3/35 - 1.2. Changes to the regulations................................................................................................ 4/35 - 1.3. The RENAULT TRUCKS choice .........................................................................................6/35 - 1.4. General features of the AdBlue circuit..............................................................................9/35 - 1.5. Changing of position of the AdBlue pump .....................................................................16/35 - 1.6. Changing of position of the AdBlue reservoir................................................................21/35 - 1.7. Table of AdBlue pipes....................................................................................................... 25/35 - 1.8. Installation of AdBlue piping bundles.............................................................................28/35 - 1.9. Table of wiring harnesses ................................................................................................ 29/35 © RENAULT TRUCKS — 2007 2 / 35 9/13/2007 1. Changing of position of AdBlue components 1.1. Introduction The aim of this document is to supply all the information and
    [Show full text]
  • CATALOGUE ACCESSOIRES Toute L’Offre En Un Clic
    CATALOGUE ACCESSOIRES Toute l’offre en un clic www.renault-trucks.com LA VOLONTÉ DE RENAULT TRUCKS EST D’ÊTRE TOUJOURS PLUS PROCHE DE SES CLIENTS ET DE SATISFAIRE AU MIEUX LEURS BESOINS. SOMMAIRE Dans cet esprit et parce que Renault Trucks OPTIMISATION souhaite faciliter votre vie au quotidien, PAGE X5 nous vous proposons ici une gamme complète d’accessoires de qualité qui sauront satisfaire vos exigences les plus diverses. SÉCURITÉ Que ce soit pour améliorer les performances PAGE X33 de votre véhicule, protéger le chauffeur, les usagers de la route et les marchandises transportées, privilégier le confort des chauffeurs à bord, rendre votre véhicule VIE À BORD plus unique : vous trouverez en quelques PAGE X53 clics l’accessoire qui répond à chacune de vos attentes. PERSONNALISATION PAGE X81 4 RENAULT TRUCKS ACCESSOIRES OPTIMISATION POUR DE MEILLEURES PERFORMANCES RENAULT TRUCKS ACCESSOIRES 5 77 11 211 614 Attelage avec rotule démontable sans outil (doté d’un KITS système antivol) Grâce à sa rotule démontable sans D’ATTELAGE outils, cet attelage devient invisible et permet de préserver l’esthétique de votre véhicule. Poids tractable maximum autorisé 2000 Kg. Conçus pour un usage intensif, 50 01 875 487 Renault Trafic II traitement anticorrosion Kit d’attelage Trafic II par poudrage époxy. Kit d’attelage comprenant : un corps 77 11 427 557 d’attelage, un kit faisceau spécifique Attelage nu 7 broches, un kit de visserie, Peut recevoir indifféremment des un sachet visserie sans chrome 6, crochets standards ou la chape une plaque d’identification rivetée d’attelage. Poids tractable maximum sur le produit, un support prise, un autorisé 2000 kg.
    [Show full text]
  • Volvo Group Report on the Fourth Quarter and Full Year 2019
    REPORT ON THE FOURTH QUARTER AND FULL YEAR 2019 Volvo Trucks presented heavy-duty electric concept trucks for construction operations and regional transport. THE FOURTH QUARTER 2019 THE FULL YEAR 2019 In Q4 2019, net sales amounted to SEK 105.4 For the full year 2019 net sales increased by billion (105.8). Adjusted for currency 11% to SEK 432.0 billion (390.8). movements, net sales decreased by 5%. Adjusted operating income1 amounted to SEK Adjusted operating income1 amounted to SEK 47,910 M (40,660) corresponding to an 9,223 M (10,597), corresponding to an operating margin of 11.1% (10.4). operating margin of 8.8% (10.0). Reported operating income amounted to SEK Reported operating income amounted to SEK 49,531 M (34,478). 9,379 M (3,597). Diluted earnings per share amounted to SEK Currency movements had a positive impact on 17.64 (12.24). operating income of SEK 763 M. Operating cash flow in the Industrial Operations Diluted earnings per share amounted to SEK amounted to SEK 38,309 M (26,597). 3.27 (1.26). The Board of Directors proposes an ordinary Operating cash flow in the Industrial Operations dividend of SEK 5.50 per share (5.00) and an amounted to SEK 19,856 M (15,471). extra dividend of SEK 7.50 per share (5.00). Volvo Group and Isuzu Motors intend to form strategic alliance. Fourth quarter Year SEK M unless otherwise stated 2019 2018 2019 2018 Net sales 105,355 105,786 431,980 390,834 Adjusted operating income ¹ 9,223 10,597 47,910 40,660 Adjusted operating margin, % 8.8 10.0 11.1 10.4 Operating income 9,379 3,597 49,531 34,478
    [Show full text]
  • Volvo-Group-Presentation.Pdf
    Volvo Group presentation Driving prosperity through transport solutions OUR MISSION Driving prosperity through transport solutions Modern logistics is a prerequisite for our economic welfare: transport helps combat poverty. Transport is not an end in itself, but rather a means allowing people to access what they need, economically and socially. Volvo Group Company presentation 2 2019 Q1 OUR VISION Be the most desired and successful transport solution provider in the world We are in a people business. We operate in a business-to-business market, where people make the decisions. Trust and relations are as important as the total offer. By bringing together the best of everything from the offer to the relationship, we will become the customers’ preferred choice. Volvo Group Company presentation 3 2019 Q1 OUR ASPIRATIONS Have leading customer Be the most Have industry satisfaction for all brands admired employer leading profitability in their segments in our industry Volvo Group Company presentation 4 2019 Q1 OUR VALUES Customer success We make our customers win. Trust We trust each other. Passion We have passion for what we do. Change We change to stay ahead. Performance We are profitable to shape our future. Volvo Group Company presentation 5 2019 Q1 Volvo Group We are one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. We also provide complete solutions for financing and service. Volvo Group Company presentation 6 2019 Q1 Volvo Group We employ almost 100.000 PEOPLE, have production facilities in 18 COUNTRIES and sell our products in more than 190 MARKETS.
    [Show full text]
  • MODERN SLAVERY STATEMENT 2019 VFS Financial Services Limited
    MODERN SLAVERY STATEMENT 2019 VFS Financial Services Limited Structure, business and supply chain Thailand, the United Kingdom and the United States. VFS Financial Services Limited is a Scottish registered company operating in the United The Volvo Group has around 51,000 Tier 1 Kingdom. VFS Financial Services is a single site suppliers, of which 6,000 supply automotive enterprise with its business premises in product components. In 2019, the Volvo Group Warwick, England, with in excess of 84 made purchases of goods and services totalling employees. VFS Financial Services Limited is a SEK 299,6 billion (EUR 28,3 billion). Purchases provider of financial solutions to customers of were made from suppliers in Europe (64%), the Volvo Group. North America (21%), South America (7%) and Asia-Pacific (8%). The supply chain is complex VFS Financial Services Limited is a member of and there are in general several tiers of the Volvo Group. The Volvo Group is a publicly suppliers between the manufacturing entities held company headquartered in Gothenburg, and the supplier of raw material. Sweden. The Volvo Group is one of the world’s leading manufacturers of trucks, buses, Human Rights Governance construction equipment and marine and The Volvo Group’s mission is to drive prosperity industrial engines and also provides complete financing solutions. In 2019, the Volvo Group’s through transport solutions. Hence, respect for sales amounted to about SEK 432 billion (EUR human rights is fundamental for the Volvo Group and the Volvo Group is committed to 40,8 billion). The Volvo Group brands include Volvo Trucks, Volvo Construction Equipment, respect human rights.
    [Show full text]
  • Volvo Group Report on the First Quarter 2020
    REPORT ON THE THIRD QUARTER 2020 Customers in Southern California have begun testing Volvo VNR Electric. In Q3 2020, net sales amounted to SEK 76.9 Currency movements had a negative impact on billion (98.7). Adjusted for currency movements, operating income of SEK 1,499 M. net sales decreased by 16%. Diluted earnings per share amounted to SEK Adjusted operating income1 amounted to SEK 2.81 (3.67). 7,217 M (10,885), corresponding to an adjusted Operating cash flow in the Industrial Operations operating margin of 9.4% (11.0). was positive in an amount of SEK 11,712 M Reported operating income amounted to SEK (1,831). 7,508 M (10,885). Third quarter First nine months SEK M unless otherwise stated 2020 2019 2020 2019 Net sales 76,852 98,723 241,528 326,625 Adjusted operating income ¹ 7,217 10,885 17,629 38,687 Adjusted operating margin, % 9.4 11.0 7.3 11.8 Operating income 7,508 10,885 15,270 40,153 Operating margin, % 9.8 11.0 6.3 12.3 Income after financial items 7,640 10,129 14,040 37,975 Income for the period 5,903 7,549 10,714 29,664 Diluted earnings per share, SEK 2.81 3.67 4.97 14.36 Operating cash flow in Industrial Operations 11,712 1,831 1,877 18,453 Net financial position in Industrial Operations, SEK bn ² 62.3 62.6 Return on capital employed in Industrial Operations, % 13.2 25.8 Return on equity, % 12.2 24.6 Net order intake, number of trucks 57,530 35,726 122,436 129,431 Deliveries, number of trucks 37,709 52,357 110,507 176,188 Net order intake, number of construction equipment 20,848 14,885 68,168 61,216 Deliveries, number of construction equipment 19,774 16,460 69,028 66,487 1 For information on adjusted operating income, please see note 7.
    [Show full text]
  • Volvo Financial Services Capital Markets
    Capital Market Day June 21, 2005 Sal Mauro Volvo Financial Services 1 Capital Market Day 2005 A Global Services Organization Customer Finance Treasury Real Estate Volvo Financial Services Sal Mauro 05 06 21 2 Capital Market Day 2005 A Global Services Organization RE FC FC TC FC FC FCFC FC FC FC FC FC HQ FC FC FC FC FC FC TC FC FC FC TC FC FC TC Volvo Financial Services consist of 25 Finance operations (FC) 4 Treasury Centers (TC) 1 Real Estate Group (Danafjord) (RE) Volvo Financial Services Sal Mauro 05 06 21 3 Capital Market Day 2005 Supporting the Brands Financial Services • Volvo Trucks • Renault Trucks • Mack Trucks • Volvo Buses • Volvo Construction Equipment • Volvo Aero • Volvo Penta Volvo Financial Services Sal Mauro 05 06 21 4 Capital Market Day 2005 Gross Credit Portfolio and Write-Off Ratio SEK bn 80 2.0% 60 1.5% 40 1.0% 20 0.5% 0 0.0% 2002 2003 2004 Q1 2005 Volvo Trucks Renault Trucks Mack Trucks Construction Equipment Buses Other Write-Off Ratio* * Annualized Volvo Financial Services Sal Mauro 05 06 21 5 Capital Market Day 2005 New financing Volume and Penetration Ratio SEK bn 40 25% 20% 30 15% 20 10% 10 5% - 0% 2002 2003 2004 Q1 2005 Volume* Penetration *12 month moving Volvo Financial Services Sal Mauro 05 06 21 6 Capital Market Day 2005 Operating Income and Return on Equity SEK M 1,600 16.0% 1,400 ROE Target: 12-15% 14.0% 1,200 12.0% 1,000 10.0% 800 8.0% 600 6.0% 400 4.0% 200 2.0% - 0.0% 2002 2003 2004 Q1 2005 Operating Income Return on Equity* *12 months moving Volvo Financial Services Sal Mauro 05 06 21 7 Capital Market
    [Show full text]
  • To Vigorously Market Custom-Built Terra Vehicles
    Contents 26 62 96 Editorial.............................................................................................................................. 8 Cover story Volvo Buses targets 25 per cent annual growth by 2015 ................................................ 10 Volvo focus on raising standard of Indian drivers ............................................................ 18 vehiCle Zone Jayalalithaa inaugurates Daimler’s Chennai plant .......................................................... 26 Shriram Automall contributes to CV fleet management efficiency ................................... 66 Force Motors-HPCL deal for genuine oil supply inked .................................................... 80 FoCus on Components Cummins Group’s 50-year saga of success in India ....................................................... 38 Firestone Industrial opens SBU unit in Gurgaon to expand operations ......................... 42 Omni Matrix servicing growing truck-trailer connector market......................................... 58 RSB Transmissions’ Lucknow plant goes on stream ....................................................... 74 Delphi-TVS consistent growth for over 20 years ............................................................. 78 Partnership with Spal to boost PAEI’s business prospects ............................................. 82 DeFeXpo 2012 Tata Motors’ latest combat vehicles displayed at DEFEXPO .......................................... 44 Ashok Leyland Defence unveils COLT, Stallion range of new vehicles ..........................
    [Show full text]
  • Acronimos Automotriz
    ACRONIMOS AUTOMOTRIZ 0LEV 1AX 1BBL 1BC 1DOF 1HP 1MR 1OHC 1SR 1STR 1TT 1WD 1ZYL 12HOS 2AT 2AV 2AX 2BBL 2BC 2CAM 2CE 2CEO 2CO 2CT 2CV 2CVC 2CW 2DFB 2DH 2DOF 2DP 2DR 2DS 2DV 2DW 2F2F 2GR 2K1 2LH 2LR 2MH 2MHEV 2NH 2OHC 2OHV 2RA 2RM 2RV 2SE 2SF 2SLB 2SO 2SPD 2SR 2SRB 2STR 2TBO 2TP 2TT 2VPC 2WB 2WD 2WLTL 2WS 2WTL 2WV 2ZYL 24HLM 24HN 24HOD 24HRS 3AV 3AX 3BL 3CC 3CE 3CV 3DCC 3DD 3DHB 3DOF 3DR 3DS 3DV 3DW 3GR 3GT 3LH 3LR 3MA 3PB 3PH 3PSB 3PT 3SK 3ST 3STR 3TBO 3VPC 3WC 3WCC 3WD 3WEV 3WH 3WP 3WS 3WT 3WV 3ZYL 4ABS 4ADT 4AT 4AV 4AX 4BBL 4CE 4CL 4CLT 4CV 4DC 4DH 4DR 4DS 4DSC 4DV 4DW 4EAT 4ECT 4ETC 4ETS 4EW 4FV 4GA 4GR 4HLC 4LF 4LH 4LLC 4LR 4LS 4MT 4RA 4RD 4RM 4RT 4SE 4SLB 4SPD 4SRB 4SS 4ST 4STR 4TB 4VPC 4WA 4WABS 4WAL 4WAS 4WB 4WC 4WD 4WDA 4WDB 4WDC 4WDO 4WDR 4WIS 4WOTY 4WS 4WV 4WW 4X2 4X4 4ZYL 5AT 5DHB 5DR 5DS 5DSB 5DV 5DW 5GA 5GR 5MAN 5MT 5SS 5ST 5STR 5VPC 5WC 5WD 5WH 5ZYL 6AT 6CE 6CL 6CM 6DOF 6DR 6GA 6HSP 6MAN 6MT 6RDS 6SS 6ST 6STR 6WD 6WH 6WV 6X6 6ZYL 7SS 7STR 8CL 8CLT 8CM 8CTF 8WD 8X8 8ZYL 9STR A&E A&F A&J A1GP A4K A4WD A5K A7C AAA AAAA AAAFTS AAAM AAAS AAB AABC AABS AAC AACA AACC AACET AACF AACN AAD AADA AADF AADT AADTT AAE AAF AAFEA AAFLS AAFRSR AAG AAGT AAHF AAI AAIA AAITF AAIW AAK AAL AALA AALM AAM AAMA AAMVA AAN AAOL AAP AAPAC AAPC AAPEC AAPEX AAPS AAPTS AAR AARA AARDA AARN AARS AAS AASA AASHTO AASP AASRV AAT AATA AATC AAV AAV8 AAW AAWDC AAWF AAWT AAZ ABA ABAG ABAN ABARS ABB ABC ABCA ABCV ABD ABDC ABE ABEIVA ABFD ABG ABH ABHP ABI ABIAUTO ABK ABL ABLS ABM ABN ABO ABOT ABP ABPV ABR ABRAVE ABRN ABRS ABS ABSA ABSBSC ABSL ABSS ABSSL ABSV ABT ABTT
    [Show full text]