Following a fourth quarter which confirmed the positive trends observed in 2011 (increased sales, improved profitability and liquidity), the Volvo group is predicting a slight drop in the HGV market in 2012. In the fourth quarter, order intake dropped by 24% in Europe, but the Volvo Group is expecting an upturn in the second half of the year, when the first fleets will start to renew their stock in anticipation of the arrival of the Euro 6 norm. The over 16 tonnes segment is expected to stand at around 220,000 units, a drop of less than 10% compared to the 242,000 units sold in 2011. This prognosis is considered as stable.