Volvo: Truck Deliveries in January 2013

Wed Feb 20, 2013 2:41am EST

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GÖTEBORG, Sweden--(Business Wire)--
Regulatory News: 

Deliveries from the Volvo Group`s (STO:VOLVA)(STO:VOLVB)truck operations in
January 2013 amounted to 10,791 vehicles. This was a decrease of 23% compared
with the year-earlier month. 

Volvo Group

Total deliveries by market for all brands (Volvo, Mack, Renault Trucks, UD and
Eicher):

 Delivered Units                January                Change    
 Volvo Group                    2013         2012*               
 Europe                         4 375        6 234     -30%      
 Western Europe                 3 623        5 148     -30%      
 Eastern Europe                 752          1 086     -31%      
 North America                  1 962        3 144     -38%      
 South America                  1 611        1 183     36%       
 Asia                           1 827        2 367     -23%      
 Other markets                  1 016        1 031     -1%       
 Total Volvo Group              10 791       13 959    -23%      
                                                                 
 Light duty (< 7t)              895          1 465     -39%      
 Medium duty (7-16t)            1 066        1 560     -32%      
 Heavy duty (>16t)              8 830        10 934    -19%      
 Total Volvo Group              10 791       13 959    -23%      
                                                                 
 Non-consolidated operations                                     
 Eicher (100%)                  3 209        3 311     -3%       
 DND (100%)                     21           64        -67%      
 Total Volumes                  14 021       17 334    -19%      


*Restated for new accounting rules, effective Januari 1, 2013, where 50/50
joint-ventures are consolidated using the equity method instead of the
proportionate method. 

Volvo

In January 5,575 Volvo trucks were delivered, a decrease of 18% compared with
the same month last year. 

In Europe, deliveries decreased to 2,195 trucks as a result of low production
levels in December 2012 and January 2013 and a sluggish economic environment. 

January deliveries in North America decreased 50% to 788 vehicles in comparison
with the same period last year. The decline in deliveries can be attributed to
the adjustment of production levels, including two down-weeks in January 2013. 

Deliveries in South America increased 38% to 1,437 trucks, where Brazil
increased by 46% in January compared with the same month last year. The increase
in industrial activity combined with favorable financing rates contributed to an
uptick in the Brazilian market. 

January deliveries in Asia amounted to 819 units in total, a decrease of 10%
compared to the same month last year. 

Deliveries by market area:

 Delivered Units        January              Change    
 Volvo                  2013        2012               
 Europe                 2 195       2 961    -26%      
 Western Europe         1 607       2 168    -26%      
 Eastern Europe         588         793      -26%      
 North America          788         1 582    -50%      
 South America          1 437       1 042    38%       
 Asia                   819         914      -10%      
 Other markets          336         323      5%        
 Total Volvo            5 575       6 822    -18%      
                                                       
 Medium duty (7-16t)    119         139      -14%      
 Heavy duty (>16t)      5 456       6 683    -18%      
 Total Volvo            5 575       6 822    -18%      


Mack

Deliveries for Mack in January totaled 1,305 vehicles, an 18% decrease compared
with January 2012. The decline was the result of an industry-wide softening in
North American demand, due to which Mack began adjusting production levels in Q4
2012. 

Deliveries by market area:

 Delivered Units      January              Change    
 Mack                 2013        2012               
 North America        1 129       1 467    -23%      
 South America        125         66       89%       
 Other markets        51          60       -15%      
 Total Mack           1 305       1 593    -18%      
                                                     
 Heavy duty (>16t)    1 305       1 593    -18%      
 Total Mack           1 305       1 593    -18%      


Renault Trucks

In January, 2,742 Renault trucks were delivered, a decrease of 29% compared with
January 2012. The lower deliveries were mainly due to the slowing of demand in
southern Europe at the end of last year, which imposed on us to reduce the pace
of production as well as to lower deliveries of light duty trucks. 

Deliveries by market area:

 Delivered Units         January              Change    
 Renault Trucks          2013        2012               
 Europe                  2 180       3 273    -33%      
 Western Europe          2 016       2 980    -32%      
 Eastern Europe          164         293      -44%      
 North America           1           17       -94%      
 South America           40          57       -30%      
 Asia                    180         257      -30%      
 Other markets           341         246      39%       
 Total Renault Trucks    2 742       3 850    -29%      
                                                        
 Light duty (< 7t)       793         1 282    -38%      
 Medium duty (7-16t)     462         536      -14%      
 Heavy duty (>16t)       1 487       2 032    -27%      
 Total Renault Trucks    2 742       3 850    -29%      


UD

Deliveries from UD Trucks in January 2013 decreased to 1,169 vehicles. The 31%
decrease was primarily due to a strong demand last year from reconstruction,
following the natural disaster in Japan. 

Deliveries by market area:

 Delivered Units            January                   Change    
 UD                         2013         2012*                  
 North America              44           78           -44%      
 South America              9            18           -50%      
 Asia                       828          1 196        -31%      
 Other markets              288          402          -28%      
 Total UD                   1 169        1 694        -31%      
                                                                
 Light duty (< 7t)          102          183          -44%      
 Medium duty (7-16t)        485          885          -45%      
 Heavy duty (>16t)          582          626          -7%       
 Total UD                   1 169        1 694        -31%      
                                                                
 Non-consolidated operations                                    
 DND (100%)                 21           64           -67%      
 Total volumes              1 190        1 758        -32%      


*Restated for new accounting rules, effective Januari 1, 2013, where 50/50
joint-ventures are consolidated using the equity method instead of the
proportionate method. 

Eicher* 

Deliveries of Eicher trucks in January decreased by 3% to 3,209 trucks compared
to the same month last year. 

Deliveries by market area:

 Delivered Units        January              Change    
 Eicher (100%)          2013        2012               
 Asia                   3 209       3 311    -3%       
 Total Eicher           3 209       3 311    -3%       
                                                       
 Light duty (< 7t)      411         536      -23%      
 Medium duty (7-16t)    2 093       2 189    -4%       
 Heavy duty (>16t)      705         586      20%       
 Total Eicher           3 209       3 311    -3%       


*As of 2013 Eicher is reported under the equity method and consequently sales
and deliveries are not consolidated in to the Volvo Group 

February 20, 2013 

For more stories from the Volvo Group, please visit
http://www.volvogroup.com/globalnews.

The Volvo Group is one of the world`s leading manufacturers of trucks, buses,
construction equipment and marine and industrial engines. The Group also
provides complete solutions for financing and service. The Volvo Group, which
employs about 115,000 people, has production facilities in 19 countries and
sells its products in more than 190 markets. In 2012 the Volvo Group`s sales
amounted to about SEK 304 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. 

AB Volvo (publ) may be required to disclose the information provided herein
pursuant to the Securities Markets Act and/or the Financial Instruments Trading
Act.The information was submitted for publication at 08:30 a.m. in February 20,
2013. 

This information was brought to you by Cision http://news.cision.com

Media Relations
Volvo Group:
Kina Wileke
+46 739-02 55 44
or
Truck brands:
Renault Trucks
Charlotte Roudovski
+33 4 72 96 29 76
or
Mack
Kim Pupillo
+1 336 393 2640
or
Volvo
Anders Vilhelmsson
+46 31 322 38 79
or
UD
Per Sundström
+81 80 40 64 92 33
or
Investor Relations:
AB Volvo
Christer Johansson,
+46 739 02 25 22
or
Patrik Stenberg,
+46 31 66 13 36
or
Volvo Group North America
John Hartwell
+1 201-252-8844 

Copyright Business Wire 2013

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