Volvo: Information on Restructuring Charges in the Fourth Quarter of 2012
GÖTEBORG, Sweden -- January 15, 2013
The Volvo Group (STO:VOLVA) (STO:VOLVB) will record costs of approximately
SEK 600 M in the fourth quarter of 2012 related to the previously announced
reorganization of the European sales organization for trucks.
The total cost for the entire reorganization, when announced in the report for
the third quarter 2012, was estimated at SEK 900 M. The remaining costs are
expected to be incurred in the first half of 2013.
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The Volvo Group is one of the world’s leading manufacturers of trucks, buses
and construction equipment, drive systems for marine and industrial
applications. The Group also provides complete solutions for financing and
service. The Volvo Group, which employs about 115,000 people, has production
facilities in20 countries and sells their products in more than 190 markets.
In 2011 annual sales of the Volvo Group amounted to about SEK310 billion. The
Volvo Group is a publicly-held company headquartered in Göteborg, Sweden.
Volvo shares are listed on OMX Nordic Exchange Stockholm. For more
information, please visit www.volvogroup.com or www.volvogroup.mobi if you are
using your mobile phone.
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