SWEDEN: Volvo breaks even despite challenging year

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Volvo Cars has reported a break-even result for 2012 with a full-year operating income of SEK18m (US$2.8m) despite economic uncertainty in Europe which significantly impacted sales and earnings. This compared with SEK2.2bn in 2011. Revenue of SEK124.5bn last year compared with SEK125.7bn in 2011.