AB Volvo ( VOLVY.PK) Q3 2011 Earnings Call October 25, 2011 9:00 am ET Executives Olof Persson – Chief Executive Officer, Member of the Group Executive Committee Mikael Bratt – Head of Group Trucks Operations, Member of the Group Executive Committee Analysts Nico Dil – JPMorgan Fredric Stahl – UBS Laura Lembke – Morgan Stanley Yann Benhamou – Exane BNP Paribas Sebastian Gutale – Société Générale Declan Carlin – BlueBay Asset Management PresentationOperator
Ladies and gentlemen, welcome to the Volvo Report on the First Nine Months of 2011. Today, I’m pleased to present Mr. Olof Persson, President and CEO. For the first part of this call, all participants will be in listen-only mode and afterwards we have question-and-answer session. Mr. Olof Persson, please begin. Olof Persson Thank you very much, and good morning and good afternoon to all of you, and welcome to the third quarter 2011 report. If you please follow me to page 2, but before I start I would like to introduce my colleagues around the table here is Mikael Bratt, CFO; and Christer Johansson, Investor Relations. So, if you then follow me to page number 2, looking at the sales by region, we can conclude that we have had a good development during the quarter, 15% growth and 22%, if you exclude the currency impact. You can also see on the right hand side of the slide, the distribution between the different regions. And interesting to see I think is now, we know back to the total of about 50% in the North America and Western Europe. Asia still a major part, but as you can see, South America has grown and become a more and more important part of our sales.