Volvo 2002 Annual Report Download - page 4

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02/03
The Volvo Group year 2002
The Volvo Share
Shareholders
The dialogue with shareholders is of great
importance to Volvo. In addition to the
Annual General Meeting in April, a large
number of activities took place in 2002
geared towards the professional invest-
ment community and Volvo’s private
shareholders. The Investor Relations
website on the Internet is an important
tool that makes it possible for all share-
holders to obtain relevant and timely infor-
mation about Volvo. The Volvo shares are
listed on the Stockholmsbörsen and on
the stock exchanges in London, Frankfurt,
Hamburg, Düsseldorf, Brussels and
Nasdaq in the US.
The stock market in 2002
The year 2002 was initially characterized
by declining share prices on stock mar-
kets worldwide. However, there was a
notable recovery during the latter part of
the year. The leading US Index, the Dow
Jones Industrial Average, fell by 15% and
NASDAQ Composite (Volvo listed since
1985), closed 32% lower. In Sweden, the
Stockholmsbörsen All Share Index
declined by 37%. Lingering uncertainties
about the macroeconomic development
in the US, combined with concerns about
the development in the Middle East, nega-
tively affected the General Index.
The Volvo share in 2002
At the end of 2002 Volvo’s market value
amounted to SEK 59 billion, eight in size
on Stockholmsbörsen. The Volvo Series
98 99 00 01 02
19.1 73.0 11.2 (3.5) 3.3
Net income and dividend per share
Net income,
SEK per share
Dividend,
SEK per share
6.0 7.0 8.0 8.0 8.0
98 99 00 01 02
3.2 3.2 5.1 4.5 5.6
Direct return, %