Volvo AB

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

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Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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Volvo AB engages in the design, manufacture, and market of commercial vehicles. It operates through the following segments: Trucks, Construction Equipment, Buses, Volvo Penta, and Financial Services. The Trucks segment includes the production, development, and logistics for powertrain and parts. The Volvo Penta segment markets marine and industrial engines. The company was founded by Assar-Thorvald Nathanael-Gabrielsson and Erik Gustaf Larson in 1927 and is headquartered in Goteborg, Sweden.

Geely Automobile Holdings Ltd

Volvo owner Geely has announced a partnership with distributor Saudi-owned Jameel Motors to break into the UK market for electric vans. Farizon, a Chinese EV manufacturer owned by Geely, will launch its SV vans through Jameel in the first half of next year.

UK EV van competition ramps up as Volvo owner Geely enters market

Deutsche Post AG

GOTHENBURG, Sweden , Dec. 11, 2024 /PRNewswire/ -- Volvo Autonomous Solutions (V.A.S.) and DHL Supply Chain have taken a significant step towards transforming freight transportation with the launch of autonomous operations in the United States.

Volvo Begins Autonomous Operations for DHL Supply Chain in Texas

Greensboro, N.C., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Volvo Trucks North America customer Labatt Breweries of Canada, one of the country's most iconic brands and leading beverage companies, has added ten Volvo VNR Electric trucks to its fleet, marking a significant milestone in sustainable transportation. The trucks will transport Labatt's beer and ready-to-drink-beverage portfolio from distribution centers in Montreal and Bois-des-Filion to customers in Montreal and on the north shore of Montreal.

Labatt Breweries Places Single Largest Order of Volvo VNR Electric Trucks in Canada

Volvo Cars' sales rose 5% year-on-year in November to 66,977 cars, primarily driven by its sales in Europe and the United States, the Sweden-based automaker said on Wednesday.

Volvo Cars November sales up 5% in November

GOTHENBURG, Sweden , Nov. 20, 2024 /PRNewswire/ -- Euro NCAP – the European New Car Assessment Programme – has been a benchmark in the area of vehicle safety since 1997. In 2024, it has expanded its tests to include heavy-duty trucks.

Renault Trucks, part of Volvo Group, awarded 4 stars in the Euro NCAP safety rating

GOTHENBURG, Sweden , Nov. 20, 2024 /PRNewswire/ -- The European consumer test organization Euro NCAP has for the first time ever assessed the safety of heavy-duty trucks. Volvo's best-selling models, the Volvo FH and the Volvo FM, both received the top rating of five stars.

Volvo Trucks scores five stars in independent safety test

GOTHENBURG, Sweden , Nov. 14, 2024 /PRNewswire/ -- Today, November 14, 2024, the Volvo Group held its Capital Markets Day at the Volvo Trucks Customer Center in New River Valley, Virginia, USA. At the event, President and CEO Martin Lundstedt together with Group Management presented the strategic direction to improve the Group's performance and to strengthen earnings resilience across the business cycle while continuing to invest and accelerate growth through the transformation.

Volvo Group Capital Markets Day - Gearing up for growth

VELIZY-VILLACOUBLAY, France--(BUSINESS WIRE)-- #3DEXPERIENCE--Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) today announced that Volvo Cars has chosen to deploy Dassault Systèmes' 3DEXPERIENCE platform within its engineering processes for vehicle development. With an automotive industry constantly evolving toward electric, connected and autonomous mobility, companies must be able to accelerate the launch of advanced solutions. The 3DEXPERIENCE platform helps automotive manufacturers streamline enter.

Dassault Systèmes' 3DEXPERIENCE Platform to Be Used for Electric Vehicle Development at Volvo Cars

Sweden hopes the European Union and China can reach a pricing deal on electric vehicles soon, its foreign trade minister told Reuters at the end of a visit to China to try to limit the damage to Volvo of a dispute over import tariffs.

Sweden looks to Brussels after China talks on Volvo EV tariff deal

GOTHENBURG, Sweden , Nov. 7, 2024 /PRNewswire/ -- Volvo Penta announced a follow-on investment in UtilityInnovation Group (UIG), a USA and Ireland based company specializing in resilient, innovative utility systems and decentralized energy solutions. This strategic investment marks a continued commitment to driving the energy transition.

Scaling grid innovation: Volvo Penta follow-on investment in UtilityInnovation Group

The carmaker's global sales rose 3% in October, with solid performance of its electrified range in Europe, but sales in the U.S. and China declined.

Volvo Global Sales Boosted by EVs

Volvo Cars' sales rose 3% year-on-year in October to 61,686 cars, the Sweden-based automaker said on Monday.

Volvo Cars October sales rise 3% year-on-year

Polestar Automotive Holding UK PLC

Tesla

The Swedish premium automakers will begin offering NACS adapters for their 2025 model year electric SUVs starting on Nov. 18.

Volvo and Polestar EVs Get Tesla Supercharger Access Next Month

Volvo Cars said on Wednesday it will invoke its right to acquire Northvolt's shares in their battery joint venture, NOVO Energy, after Northvolt failed to meet its financing obligations.

Volvo Cars says to acquire Northvolt's shares in battery JV

Volvo Group and Daimler Truck have signed a binding agreement to establish a new 50/50 joint venture to develop a software-defined vehicle platform for heavy duty vehicles and drive the industry transformation. The new company aims to set an industry standard with headquarters in Gothenburg, Sweden.

Volvo Group and Daimler Truck sign binding agreement for joint venture to develop software-defined vehicle platform

Volvo AB, a leading truck and machinery manufacturer, is currently overvalued at 270 SEK/share, making it a "Hold" with a target price of 255 SEK/share. VLVLY has strong fundamentals, an excellent credit rating, and significant upside potential if bought at a lower valuation. Recent Q3 2024 results show negative sales growth and declining margins, indicating a downcycle trend and justifying the current "Hold" rating.

Volvo: Why I Am Mostly Out Of This Industrial, And Have Been For Some Time

Volvo Cars CEO Jim Rowan said the company is facing slower demand in Europe, the U.S. and China.

Volvo Cars slashes outlook citing ‘increasingly volatile environment'

Q3 operating profit (excl. JVs and associates) was SEK 5.7 bn, vs SEK 6.1 bn in Q3 2023 Q3 operating profit was 5.8 bn SEK, vs SEK 4.5 bn in Q3 2023 Q3 EBIT margin (excl.

Volvo Cars reports Q3 2024 core operating profit of SEK 5.7 billion

Sweden-based Volvo Cars reported a rise in third-quarter operating profit on Wednesday but cut its full-year sales growth forecast amid accelerating market weakness.

Volvo Cars cuts full-year growth outlook on EV slowdown

AB Volvo (publ) (OTCPK:VLVLY) Q3 2024 Trading Update Conference Call October 18, 2024 3:00 AM ET Company Participants Johan Bartler - Head of IR Martin Lundstedt - CEO Mats Backman - CFO Conference Call Participants Mattias Holmberg - DNB Markets Klas Bergelind - Citigroup Hampus Engellau - Handelsbanken Capital Markets Daniela Costa - Goldman Sachs Erik Golrang - SEB Miguel Borrega - Exane BNP Paribas Michael Aspinall - Jefferies Johan Bartler So welcome to the Volvo Group third quarter report. Today we'll do as always, we'll listen to the presentations from our CEO, Martin and from our CFO, Mats.

AB Volvo (publ) (VLVLY) Q3 2024 Trading Update Conference Call (Transcript)

Swedish truck manufacturer AB Volvo (VOLVb.ST) has reported a larger-than-anticipated decline in quarterly adjusted earnings and is predicting stagnant demand for the coming year, reflecting a notable shift in market conditions. Reduced freight and construction activity have constrained vehicle sales, contributing to this downturn.

Volvo's Q3 earnings fall short: stagnant demand raises alarm for future growth

GOTHENBURG, Sweden , Oct. 18, 2024 /PRNewswire/ -- "In Q3 2024, demand continued to normalize on most of the Volvo Group's markets. We are seeing that freight and construction activity has come down in many regions across the world compared with the very high levels of last year.

Volvo Group - the third quarter 2024

Swedish truck maker AB Volvo reported on Friday a bigger drop than expected in third-quarter adjusted operating profit and said demand continued to normalise in most of its

Truck maker Volvo's Q3 adjusted profit falls more than expected

Swedish automaker Volvo Cars on Wednesday announced deputy CEO Björn Annwall will step down from his current role as part of a management reshuffle. It comes shortly after Volvo Cars abandoned its near-term goal of selling only electric vehicles (EVs), citing a need to be "pragmatic and flexible.

Sweden's Volvo says deputy CEO to step down in management reshuffle as EV demand slows

Volvo Cars is undergoing a management overhaul as Bjorn Annwall, the Chief Commercial Officer and Deputy CEO, plans to exit the company. After nine years with Volvo, Annwall will temporarily remain to assist with the transition.

News for Volvo AB Stock (VLVLY)