Publish date: 2004-03-02

Year-End Report 2003

"During the past year, Volvofinans secured its position as the automotive industry’s leading financial player in Sweden. Consolidated profit amounted to SEK 229.5 M, a marginal decline from the record level of SEK 231.3 M in 2002. This was accomplished in a market with interest rates at an historically low level. The Group now has a market share of slightly more than 28%, which means that more than every fourth passenger car sold in dealerships is financed by Volvofinans."