Volvo AB

VOLV B

Equity

ISIN SE0000115446 / Valor 613304

NASDAQ Nordic Exchange Stockholm, Equities (2025-03-14)

SEK 314.40+1.81%

Volvo AB
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About company

Volvo AB is a global company that sells a wide range of products under various brands such as Volvo, Volvo Penta, Renault Trucks, Mack, and others. The company, founded in 1927 and headquartered in Gothenburg, Sweden, employs over 100,000 people and serves customers in nearly 190 markets. Volvo Group focuses on providing sustainable transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, as well as financing and services to enhance customer uptime and productivity. In 2023, Volvo Group reported net sales of SEK 553 billion (EUR 48 billion) and its shares are listed on Nasdaq Stockholm.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Net Sales

In the third quarter of 2024, Volvo AB reported a decrease in net sales by 12%, amounting to SEK 117.0 billion compared to SEK 132.3 billion in the same period the previous year. When adjusted for currency movements, the net sales saw a reduction of 7%. This decline was observed across most segments, with the exception of the Buses segment, and across all regions except South America.

Operating Income

Volvo AB's adjusted operating income for Q3 2024 was SEK 14.1 billion, down from SEK 19.3 billion in Q3 2023. This resulted in an adjusted operating margin of 12.0%, compared to 14.4% in the previous year. The reported operating income also reflected a decrease, amounting to SEK 14.1 billion, with an operating margin of 12.0%.

Earnings Per Share

The earnings per share for Volvo AB in the third quarter of 2024 were SEK 4.93, a decline from SEK 6.93 in the same quarter of the previous year. This decrease in earnings per share is indicative of the overall reduction in profitability for the company during this period.

Operating Cash Flow

Volvo AB's operating cash flow in the Industrial Operations segment for Q3 2024 was SEK 3.1 billion, compared to SEK 5.6 billion in Q3 2023. Despite the lower sales volumes, the company managed to maintain a positive operating cash flow, which is typically challenging in a weaker quarter.

Return on Capital Employed

The return on capital employed in Volvo AB's Industrial Operations improved to 38.3% in the third quarter of 2024, up from 33.7% in the same period the previous year. This improvement reflects the company's ability to generate returns on its capital investments despite the challenging market conditions.

Summarized from source with an LLMView Source

Key figures

3.05%1Y

79.0%3Y

166%5Y

Performance

25.2%1Y

26.3%3Y

29.5%5Y

Volatility