At the end of January, the Swedish trucks manufacturer has seen signs of increased demand, meaning that they were able to reduce stocks and increase production. But in the fourth quarter Volvo had to adjust costs to a considerably lower level of demand, which contributed to an operating loss of $0.27 billion. The company managed to create a positive cash flow of $1.18 billion, which is one of the best cash inflows ever for a single quarter.
• In the fourth quarter net sales decreased by … (read more)