Volvo AB

Earnings data Q1 2021

Earnings data Q2 2021

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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.

NVIDIA

The "software-defined car" trend is revolutionizing the auto industry, with Volvo's EX90 SUV exemplifying the shift towards vehicles packed with digital technology. Nvidia's powerful chips are crucial for AI and automotive advancements, with significant revenue growth driven by high demand for their supercomputing capabilities. Despite export restrictions to China, Nvidia's automotive business remains promising as more carmakers adopt advanced electronic architectures that require the chips.

Nvidia Powers Volvo's Electrical Architecture, A Big Growth Category For The Chipmaker

Sweden's AB Volvo has picked Monterrey in northern Mexico as the site for its new North American heavy-duty truck factory and expects construction to cost $700 million, it said on Friday.

Volvo picks Monterrey for $700 mln Mexico truck plant

Sweden's AB Volvo said on Thursday it had received an order for 300 electric trucks from Danish logistics firm DSV.

Volvo wins order for 300 electric trucks from DSV

Investors interested in stocks from the Automotive - Original Equipment sector have probably already heard of AB Volvo (VLVLY) and Modine (MOD). But which of these two companies is the best option for those looking for undervalued stocks?

VLVLY or MOD: Which Is the Better Value Stock Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Volvo (VLVLY) Right Now?

The all-electric 2025 Volvo EX30 is a compelling new subcompact SUV with impressive range and performance, attractive pricing, and design for days. Pricing starts at $34,950.

The 2025 Volvo EX30 review: This all-new electric subcompact SUV is stylish and smart, with good range and priced under $35K

AB Volvo is facing pressure in its trucks business due to weak construction demand in China, which is hopefully bottoming, but also newly in NA and Europe. Book to bills is improving mainly due to reduced billing and production scaling down, with operating expenses up due to R&D into low carbon technologies. Despite gross profit resilience due to aftermarket activity, the direction of the bottom line is not promising. We can't expect better performance in the stock price for now.

AB Volvo: Negative Mix Effects With Vehicles Mitigated By Service

Volvo Group shows conflicting ratings: sell from SA and WS analysts, strong buy from Quant. Q2 2024 earnings review shows flat sales, decreased operating margin, but increased EPS and ROCE. In this article, we discuss the recent developments to understand what seems the best strategy at the moment.

Volvo Group: A Hold After Earnings

Is Volvo (VLVLY) Stock Undervalued Right Now?

AB Volvo (publ) (OTCPK:VLVLY) Q2 2024 Earnings Conference Call July 18, 2024 3:00 AM ET Company Participants Johan Bartler - Head of Investor Relations Martin Lundstedt - Chief Executive Officer Mats Backman - Chief Financial Officer Conference Call Participants Hampus Engellau - Handelsbanken Olof Cederholm - ABG Sundal Collier Klas Bergelind - Citibank Miguel Borrega - Paribas BNP Agnieszka Vilela - Nordea Markets Virginia Montorsi - Bank of America José Asumendi - JPMorgan Daniela Costa - Goldman Sachs Nicolai Kempf - Deutsche Bank Björn Enarson - Danske Bank Erik Golrang - SEB Johan Bartler Welcome to the Volvo Group Second Quarter Report. Today, we'll do, as always, we'll listen to the presentation from our CEO and CFO, Martin and Mats; and then, follow up with our Q&A session.

AB Volvo (publ) (VLVLY) Q2 2024 Earnings Call Transcript

By 8:30 a.m. London time shares had rise by 7.35%.

Volvo Cars jumps 7% after reporting a record core operating profit

GOTHENBURG, Sweden , July 18, 2024 /PRNewswire/ -- "During Q2 2024, the Volvo Group delivered good profitability as demand in many markets continued to normalize compared with the high levels of 2023. Net sales amounted to SEK 140.2 billion, which adjusted for currency changes was on the same level as in the prior year.

Volvo Group - the second quarter 2024

Swedish truck maker AB Volvo reported on Thursday a bigger rise than expected in second-quarter operating profit and said demand continued to normalise compared with the high levels of 2023.

Truck maker Volvo's profit beats expectations, says demand keeps normalising

Q2 operating profit (excl. JVs and associates) was SEK 8.2 bn, up 28 per cent vs Q2 2023 Q2 operating profit was 8.0 bn SEK, up 60 per cent vs Q2 2023 Q2 EBIT margin (excl.

Volvo Cars reports record core operating profit of SEK 8.2 billion in Q2 2024

Swedish automaker Volvo Cars reported a significant beat in second-quarter operating earnings on Thursday, demonstrating resilience in an industry grappling with a weak electric vehicle (EV) market.

Volvo Cars Q2 operating earnings beat expectations

Volvo Cars' sales in June rose 8% to 71,514 cars from a year earlier, underpinned by strong performances in Europe and Latin America as well as for its new fully electric model EX30, the Sweden-based automaker said on Thursday.

Volvo Cars' June sales rise on fully electric model boost

GOTHENBURG, Sweden , July 4, 2024 /PRNewswire/ -- The Volvo Group report for the second quarter 2024 will be published on July 18, at 7.20 a.m. CEST. There will be a conference call for press and analysts starting at 9.00 a.m.

Invitation to the Volvo Group report on the second quarter 2024

GOTHENBURG, Sweden , July 2, 2024 /PRNewswire/ -- Volvo Group has today completed the divestment of Arquus to John Cockerill Defense according to the previously announced option agreement. Arquus manufactures and sells specially designed vehicles to defense forces and employs about 1,200 employees in France.

Volvo Group completes divestment of Arquus

Greensboro, N.C., July 01, 2024 (GLOBE NEWSWIRE) -- Volvo Trucks North America customer Hight Logistics, a privately-owned port drayage services business, is expanding its all-electric fleet with the delivery of five zero-tailpipe emission Volvo VNR Electric trucks. At the recent Advanced Clean Transportation (ACT) Expo in Las Vegas, Hight Logistics signed a sales order for an additional nine Volvo VNR Electric trucks in 2024 and ten more for Q1 2025. Hight Logistics prioritizes environmental sustainability and has created the new Hight Electric division, focused exclusively on acquiring battery-electric vehicles and developing charging infrastructure.

Volvo Trucks North America Customer Hight Logistics Expands All-Electric, Zero-Emission Fleet

Montreal, Quebec, June 27, 2024 (GLOBE NEWSWIRE) -- Volvo Trucks North America customer Martin Brower, a leading supply chain solutions provider for global restaurant chains, is taking delivery of ten additional Volvo VNR Electric vehicles that will support food and beverage deliveries to select McDonald's restaurants in the greater Montreal and greater Toronto areas. As a key distributor for McDonald's global operations, Martin Brower has partnered with the restaurant leader to help reduce its carbon footprint in Canada with the expansion of alternative-fuel vehicles in Martin Brower's supply chain fleet in two of its distribution centres. The battery-electric vehicles used for deliveries to select McDonald's restaurants in the greater Montreal and greater Toronto areas will expand on the trial of the first zero-tailpipe emission tractor that was deployed in 2022 to Martin Brower's Baie d'Urfé distribution centre to support deliveries to McDonald's restaurants in the Montreal area.

Volvo Trucks Customer Martin Brower Expands VNR Electric Fleet to Help Advance McDonald's Global Net Zero GHG Emissions Goals in Canada

Volvo will postpone the U.S. deliveries of its EX30 electric car as it shifts production of the compact SUV out of China in the wake of tariff hikes, Bloomberg News reported on Wednesday.

Volvo to delay EX30's US shipments due to higher tariffs on Chinese imports, Bloomberg News reports

Modine Manufacturing

Investors interested in Automotive - Original Equipment stocks are likely familiar with AB Volvo (VLVLY) and Modine (MOD). But which of these two stocks is more attractive to value investors?

VLVLY vs. MOD: Which Stock Is the Better Value Option?

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Some of Europe's biggest carmakers fell further on Thursday on concerns over how China will respond to new tariffs the European Commission slapped on imported Chinese electric cars in a bid to combat what they say is excessive subsidies from Beijing.

European auto stocks fall further on concerns over China's tariff response

Volvo Cars' sales rose 13% in May from a year earlier to 68,034 cars, driven mainly by a 31% jump in Europe and helped by strong performance for its fully electric model EX30, the group said on Wednesday.

Volvo Cars' May sales rise 13%

Volvo Cars is launching the world's first EV battery passport recording the origins of raw materials, components, recycled content and carbon footprint for its flagship EX90 SUV, which is about to start production, the Swedish automaker told Reuters.

News for Volvo AB Stock (VLVLY)