Volvo AB
VOLV B
ISIN SE0000115446 / Valor 613304
Volvo AB
UMushroom community rating:
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 CyclicalsLatest Results (20.08.2024):
Net Sales
In Q2 2024, Volvo AB's net sales amounted to SEK 140.2 billion, which was nearly the same as the SEK 140.7 billion recorded in the same quarter of the previous year. Adjusted for currency movements, net sales remained flat.
Adjusted Operating Income
Volvo AB reported an adjusted operating income of SEK 19.4 billion for Q2 2024, down from SEK 21.9 billion in Q2 2023. This corresponds to an adjusted operating margin of 13.9%, compared to 15.4% in the previous year.
Earnings Per Share
For Q2 2024, Volvo AB's earnings per share increased to SEK 7.65, up from SEK 5.30 in Q2 2023. This improvement reflects the company's ability to maintain profitability despite flat sales.
Operating Cash Flow
Volvo AB's operating cash flow in the Industrial Operations segment amounted to SEK 9.1 billion in Q2 2024, compared to SEK 12.6 billion in the same quarter of the previous year. This decrease is attributed to lower volumes and increased investments in R&D.
Truck Deliveries
In Q2 2024, Volvo AB delivered a total of 58,935 trucks, which was 8% fewer than the 63,842 trucks delivered in Q2 2023. Despite the decrease in deliveries, the total net sales in the truck business remained on the same level as last year at SEK 95.1 billion.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
40922 M
Market cap (USD)
2,146,312
Daily traded volume (Shares)
261.6 / 258.6
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
Joseph WI Gospodinov
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