Benefit of Volvo up, sales back to the levels of before the crisis

STOCKHOLM (AP) - truck manufacturer AB Volvo second-quarter profit surged 63 percent as sales returned to levels last seen before the financial crisis, the Swedish company said Friday.Net income is passed to 5.12 billion kroner ($802 million), 3.15 billion kroner in the same quarter last year.Sales of Volvo spent 15 p. 100-79 billion crowns, 68.8 billion crowns in the second quarter of 2010. "Sales are now at the same level as before the financial crisis that hit the world, a few years with profitability which is now at its highest level for the moment, both in terms of operating margin and return on shareholders, CEO Leif Johansson a.Volvo sharing rose 4 percent to 106.40 crowns ($16.66) in Stockholm after the report.The company has sold its car division in 1999, is one of the largest manufacturers of truck in the world, with the brands including Volvo, Mack, Renault and UD trucks. The company is also the bus, engines and construction equipment.Volvo Truck unit sales only rose 20 percent to 50 billion crowns and the company said it controls now 20 per cent of market trucks in the United States and 28% in Europe. "In terms of market conditions, we maintain our previous forecast that the market for truck in Europe and North America will be 230 000-240,000 trucks in 2011,"Said Volvo."Truck sales increased by 31% in Europe, supported by the application in France, Germany and America of North Poland.In, Volvo has more than doubled its deliveries of 10,290 trucks. Route customers are leading the recovery, while the demand for professional as garbage trucks trucks is still normal "well below" levels, stated Volvo.Livraisons truck dipped 9% in Asia, following disturbances of production for trucks of the UD to the Japan, after the earthquake and the tsunami. Disruption cost Volvo 400 million kroner in operating revenues, affecting mainly the unit for the construction equipment.____Karl Ritter can be contacted at www.twitter.com/Karl (emphasis) Ritter