Volvo 2007 Annual Report Download - page 40
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Please find page 40 of the 2007 Volvo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.The Volvo Group 2007 Signifi cant events
2007 was an intense year for the Volvo
Group. A strong presence was estab-
lished in Asia through several large acqui-
sitions. The Group advanced its positions
in several signifi cant product segments
and a large number of new products were
launched. Demand varied greatly in differ-
ent markets where markets in Europe and
in Asia showed continued strong growth
while markets in North America posted a
signifi cant decline. In 2007 both sales
and earnings were best so far in the his-
tory of the Volvo Group.
For the Volvo Group
it is strategically very
important to have a
strong presence in
the Indian market.
Leif Johansson
Cooperations, acquisi-
tions and divestments
Purchase of Nissan Diesel completed
When the acceptance period for Volvo’s offer
for Nissan Diesel expired on March 23, Volvo
had received a total of slightly more than 96%
of the shares outstanding. Volvo paid a total of
SEK 7.4 billion for the slightly more than 77%
of the shares outstanding that were purchased
through the offer. After this, Volvo initiated a
process to redeem the remaining shares out-
standing. In conjunction with this, Volvo applied
for delisting Nissan Diesel from the Tokyo
Stock Exchange. At year-end, the Volvo Group
owned all outstanding shares in the company.
Nissan Diesel was consolidated in the balance
sheet of the Volvo Group as of the close of the
fi rst quarter of 2007. Sales and earnings are
reported from the beginning of the second
quarter. Operations within Nissan Diesel are
reported within the Trucks segment.
0706050403
22.220.418.214.72.5
0706050403
285259241211183
Net sales1, SEK billion
Operating income1, SEK billion
1 As from 2004 fi gures are reported in accordance with IFRS. Previ-
ous years are reported in accordance with the then prevailing
Swedish GAAP. See note 1 and 3.
36 Board of Directors’ Report 2007