Volvo AB

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

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.

GOTHENBURG, Sweden , April 27, 2023 /PRNewswire/ --            Q1 revenue was SEK 95.7 bn (SEK 74.3 bn in Q1 2022) Q1 operating income was SEK 5.1 bn (SEK 6.0 bn in Q1 2022) Q1 operating income (excluding JVs and associates) was SEK 6.3 bn (SEK 5.9 bn in Q1 2022) Q1 EBIT margin was 5.3 per cent (8.1 per cent in Q1 2022) Q1 EBIT margin (excluding JVs and associates) was 6.6 per cent (7.9 per cent in Q1 2022) Q1 basic earnings per share was SEK 1.21 (SEK 1.29 in Q1 2022) Q1 fully electric car sales share at 18 per cent (8 per cent in Q1 2022) Volvo Cars today reports a 7 per cent increase in operating profits, excluding joint ventures and associates, to SEK 6.3 bn and an EBIT margin of 6.6 per cent for the first quarter of 2023. While delivering improved earnings for the quarter, despite raw material prices remaining at elevated levels and continued turbulence around the world, Volvo Cars' execution engine remains focused on its transformation priorities.

Volvo Cars Q1 Results: Stable start to 2023, as company continues delivering on ongoing transformation with improved earnings

Volvo posts mixed results, cautions over challenging and volatile environment.

Volvo posts mixed results, cautions over challenging and volatile environment

CorrActions, an Israeli startup that, among other things, built a driver monitoring system that can understand a driver's cognitive state, today announced that it has raised a strategic investment from Volvo Cars Tech Fund. According to the company, the target for this round is $6 million.

Volvo Cars Tech Fund invests in driver monitoring startup CorrActions

Volvo Group sold and delivered more trucks in the first quarter than in any Q1 in its history. The Swedish truck maker cited pent-up demand to replace aging fleets as a major factor.

Volvo Group sets Q1 sales, delivery records

AB Volvo (publ) (VOLAF) Q1 2023 Earnings Call Transcript.

AB Volvo (publ) (VOLAF) Q1 2023 Earnings Call Transcript

Volvo AB said Thursday that it posted a first-quarter record for truck deliveries as European supply-chain disruptions eased, while demand for new trucks rose sharply. Truck deliveries rose 11% in the quarter, while order intake rose 32%.

Volvo posts record truck deliveries as chain-supply woes ease

GOTHENBURG, Sweden , April 20, 2023 /PRNewswire/ -- "During Q1 2023, the Volvo Group's growth continued and our profitability took a step up. Sales increased in all business areas and in all regions.

Volvo Group - the first quarter 2023

Bayerische Motoren Werke AG

Hyundai Motor Company

Rivian Automotive

The United States Treasury updated its list of electric vehicles eligible for a $7,500 EV tax credit per its new rules for battery sourcing, and BMW, Nissan, Rivian, Hyundai, Volvo and Volkswagen are no longer on it.

BMW, Rivian, Hyundai, Volvo lose access to EV tax credit

Nikola

The numbers are small because there are not many Class 8 electric trucks on the road yet. But new technology is proving just as susceptible to safety recalls as legacy products.

Safety recalls hit Volvo, Nikola electric trucks

GOTHENBURG, Sweden , April 13, 2023 /PRNewswire/ -- CampX by Volvo Group recently expanded its innovation focus areas to include financial technology, or fintech. Thinking beyond today's offers, fintech is helping transform the financial services industry through partnerships and collaboration with startups.

CampX by Volvo Group drives innovation with new fintech focus area

The Volvo Group surprised the markets with a very strong first-quarter preliminary earnings preview — the opposite of a dour prediction just months ago. Sales amounted to 131.4 billion Swedish crowns ($12.6 billion) compared to SEK 105.3 billion ($10.1 billion) in the same period of 2022.

Volvo preliminary Q1 financials surprise, delight market

Volvo preliminary sales beat expectations

Volvo Penta has acquired a minority stake in Utility Innovation Group (UIG).  The investment accelerates entry into the utility sector to further develop Volvo Penta's battery energy storage subsystem and power generation portfolio as part of its road to net zero.

Volvo Penta invests in Utility Innovation Group to accelerate electric grid innovation

GOTHENBURG, Sweden, April 6, 2023 /PRNewswire/ -- The Volvo Group report for the first quarter 2023 will be published on April 20, 2023, at 7.20 a.m. CEST. There will be a conference call for press and analysts starting at 9.00 a.m. CEST.

Invitation to the Volvo Group report on the first quarter 2023

Driven Brands Holdings

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(Kitco News) - The Swedish mining group Boliden (STO: BOL) announced today it is becoming one of the first in the world to start using battery-electric trucks for heavy underground transport starting 2023.

Boliden and Volvo join forces on deployment of underground electric trucks for mining

Volvo Trucks and mining company Boliden now joining forces to implement electric truck transport in underground environments. GOTHENBURG, Sweden , March 21, 2023 /PRNewswire/ -- The Swedish mining group Boliden is becoming one of the first in the world to start using battery-electric trucks for heavy underground transport starting 2023.

Volvo Trucks and Boliden collaborate on deployment of underground electric trucks for mining

Volvo Group will restructure its European bus-making operation in a bid to restore it to profitability, divesting from a Polish plant and axing 1,600 jobs, the Swedish company said on Thursday.

Volvo Buses to restructure in Europe, hitting 1,600 jobs

GOTHENBURG, Sweden , March 16, 2023 /PRNewswire/ -- Volvo Buses is changing its business model in Europe and will apply the same successful model as it has on several other markets. This means that Volvo Buses will focus its production on chassis and together with external bodybuilders offer customers in Europe a complete range of city and intercity buses as well as coaches for the premium segment.

Volvo Buses changes business model in Europe and has decided to close its bodybuilding factory in Wroclaw in 2024

AB Volvo (VLVLY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

What Makes AB Volvo (VLVLY) a New Strong Buy Stock

GOTHENBURG, Sweden , March 9, 2023 /PRNewswire/ -- CampX by Volvo Group is a global concept designed to accelerate new technology and business innovations for sustainable mobility by partnering with startup companies. Volvo Group now has four innovation hubs located across three continents - in France, Sweden, India, and the USA - as we today announce the opening of the new CampX Lyon in France.

Volvo Group accelerates sustainable mobility with innovation hubs on three continents

GOTHENBURG, Sweden , March 9, 2023 /PRNewswire/ -- Volvo Cars publishes its Annual and Sustainability Report for 2022 on the Investors website. The report can be found here.

Volvo Car AB (publ.) publishes Annual and Sustainability Report 2022

JPMorgan Chase & Co

J.P. Morgan has assisted Volvo's entry into the Indian electric vehicle market. The Swedish luxury carmaker's XC40 Recharge is an exclusive direct-to-consumer (D2C) model powered by J.P.

JPMorgan Helps Volvo Enter Indian EV Market

Sweden-based Volvo Car AB said on Friday sales grew 22% year-on-year in February to 51,286 cars helped by a jump for its recharge models, sending its shares up.

News for Volvo AB Stock (VLVLY)