AB Volvo 2009 Annual Report with Sustainability Disclosures
Company: AB Volvo
Sector: Manufacturing
Country: Sweden
Year: 2009
Type: Annual Report with Sustainability Disclosures
Pages: 146
The report describes a year of sharply lower demand: Volvo Group net sales fell 28% to SEK 218,361 M, and the Group recorded an operating loss of SEK 17,013 M. It continued cost and workforce adjustments, with 18,000 regular employees, temporary employees, and consultants leaving since mid-2008. The report also highlights environmental work on production impacts, fuel efficiency, emissions, and hybrid vehicles, and states that the Group supports the UN Global Compact.
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