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AB Volvo (publ) (VOLAF)

27.50

+0.08

(+0.29%)

At close: April 24 at 9:30 AM EDT

Volvo Group - the first quarter 2024

"During Q1 2024, demand continued to normalize at good levels across many of the Volvo Group's markets. Adjusted for currency, net sales were on the same level as in Q1 2023 and amounted to SEK 131.2 billion. Invoiced price continued to increase, mainly on the back of carry-over from the price increases we gradually implemented last year. Adjusted operating income amounted to SEK 18.2 billion (18.6), which corresponds to a margin of 13.8% (14.0). Return on capital employed improved to 37.7% (30.

PR Newswire 7 days ago
Volvo Group to Increase North American Heavy Truck Production Capacity

The Volvo Group today announced that it will build a new heavy-duty truck manufacturing plant in Mexico to supplement the Group's U.S. production. The plant will provide additional capacity to support the growth plans of both Volvo Trucks and Mack Trucks in the U.S. and Canadian markets, and support Mack truck sales in Mexico and Latin America. The plant is expected to be operational in 2026.

PR Newswire 13 days ago
New number of votes in AB Volvo

The number of votes in AB Volvo has changed due to the conversion of a total of 1,490 Series A shares to a total of 1,490 Series B shares. The conversions were implemented with the support of the opportunity for Series A shareholders to request conversion of Series A shares to Series B shares which was entered in the Articles of Association at the 2011 Annual General Meeting.

PR Newswire 27 days ago
AB Volvo publishes Annual Report 2023

"During 2023 dedicated colleagues across the Volvo Group worked hard to keep our customer commitments and reduce the lead times as we delivered from the backlogs of vehicles and machines that have been extended since the pandemic. It was also a year characterized by geopolitical turmoil, continued supply chain disturbances and cost inflation. In these challenging circumstances, the Volvo Group continued to deliver strong growth, profitability and cash flow," says Martin Lundstedt, President and

PR Newswire last month
Volvo Group Venture Capital invests in Zacua Ventures

Volvo Group Venture Capital AB has invested in Zacua Ventures Builders Fund I, L.P. - a global venture capital fund focused on early-stage technology for the construction industry.

PR Newswire last month
Annual General Meeting of AB Volvo

AB Volvo (publ) ("Volvo") gives notice to attend the Annual General Meeting at Konserthuset, Götaplatsen, Göteborg, Wednesday, March 27, 2024, at 3.00 p.m.

PR Newswire 2 months ago
Proposal for Board of Directors of AB Volvo

Press information from AB Volvo's Election Committee

PR Newswire 2 months ago
Volvo completes acquisition of battery business from Proterra Inc. and Proterra Operating Company

The Volvo Group has today completed the previously announced transaction whereby the Group acquired the battery business from Proterra Inc. and Proterra Operating Company Inc.

PR Newswire 2 months ago
Volvo launches new trucks worldwide - future proofing its product portfolio

Volvo Trucks has unveiled an all-new heavy-duty truck platform for the North American market in parallel to a new heavy-duty truck range for Europe, Australia and markets in Asia and Africa. New energy efficient models – including trucks running on electricity and renewable fuels – will reduce CO2 emissions and take the company closer to the target of having a net-zero emission product range by year 2040.

PR Newswire 2 months ago
Volvo Group - the fourth quarter and full year 2023

"For the full year 2023, we increased net sales by almost SEK 80 billion to SEK 553 billion and the adjusted operating income to SEK 77.6 billion (50.5), with an adjusted operating margin of 14.0% (10.7). Return on capital employed in the Industrial Operations increased to 36.7% (27.4). We also generated a strong operating cash flow of SEK 45.8 billion (35.3) and ended the year with a net cash position of SEK 83.4 billion in the Industrial Operations, pension and lease liabilities excluded. Than

PR Newswire 2 months ago
Volvo Group has signed an option agreement to divest Arquus

Volvo Group has signed an option agreement with John Cockerill Defense which gives the Volvo Group the right to sell Arquus after mandatory consultations with staff representative bodies. The consultations are expected to be finalized in Q1 2024. As a result of the option agreement, the Volvo Group's operating income will be negatively impacted by approximately SEK 900 M in the fourth quarter of 2023.

PR Newswire 3 months ago
Volvo Group accelerates hydrogen research with PhD scholarships for the internal combustion engine

Volvo Group is further developing the internal combustion engine with hydrogen as a propulsion technology by initiating PhD scholarships dedicated to hydrogen combustion engine technology. Two PhD students will be chosen to conduct their research at Chalmers University of Technology and at Lund University, Sweden, while being employed by the Volvo Group. Recruitment will start during the first quarter of 2024.

PR Newswire 3 months ago
Volvo Construction Equipment reaches agreement to divest the ABG paver business

Volvo Construction Equipment (Volvo CE) and the Ammann Group have reached an agreement whereby Ammann will acquire Volvo CE's global ABG paver business. As a result of the planned transaction, the Volvo Group's operating income will be negatively impacted by approximately SEK 650 M in the fourth quarter of 2023.

PR Newswire 4 months ago
Research on rural and urban sustainability in Amazonia rewarded with the Volvo Environment Prize 2023

The vast Amazon region is central to the global debate on creating a stable climate and maintaining biodiversity. But we cannot deal with sustainability in Amazonia if we do not confront the rural and urban realities in the region of poverty, violence, and the need for economic development. That is the message from Eduardo Brondizio, a Brazilian-born Anthropologist Professor at Indiana University, Bloomington, USA, who is the Volvo Environment Prize laureate in 2023.

PR Newswire 5 months ago
Volvo Group - the third quarter 2023

"In Q3 2023, the Volvo Group continued to deliver improved results, margins and profitability. Adjusted for currency, our net sales grew by 9% to SEK 132.4 billion and we increased the adjusted operating income to SEK 19.1 billion (11.9), corresponding to an adjusted operating margin of 14.4% (10.3). We have successfully mitigated cost inflation with price management and continued to handle disturbances in the supply chain. Return on capital employed increased to 33.7% (27.4)," says Martin Lunds

PR Newswire 6 months ago
Volvo Group, Renault Group and CMA CGM Group join forces to address the growing needs of decarbonized and efficient logistics with an all-new generation of electric vans

Renault Group and Volvo Group join forces to address the growing needs of decarbonized and efficient logistics by creating a new company managing the development of an all-new generation of electrified vans. The two groups look forward to CMA CGM joining the new company. Renault and Volvo will continue to seek additional investment and business partners.

PR Newswire 6 months ago
Volvo Defense enters 7-year framework agreement for deliveries of logistics trucks to Estonia and Latvia

Volvo Defense, a business operation within Volvo Trucks, has entered a framework agreement with the Estonian Centre for Defence Investments and the Ministry of Defence of the Republic of Latvia for the delivery of logistic trucks. Volvo was chosen as one out of two suppliers that combined will deliver up to 3,000 vehicles over a period of 7 years.

PR Newswire 6 months ago
Pär Boman proposed as new Chairman of AB Volvo

The Election Committee of AB Volvo proposes that Pär Boman be appointed new Chairman and Board member at the Annual General Meeting in March 2024. As previously announced, AB Volvo's current Chairman of the Board Carl-Henric Svanberg has declined re-election.

PR Newswire 6 months ago
Volvo Group: Professor Lars Eriksson awarded with Håkan Frisingers scholarship for his significant contributions in transportation research

Håkan Frisinger Award for Excellence in Transportation Research awards its 2023 scholarship to Professor Lars Eriksson at Linköpings University. The scholarship rewards Lars Eriksson for his strong scientific record and his significant contribution to the transport industry.

PR Newswire 6 months ago
Ramping up: Volvo starts serial production of electric trucks in Ghent

Volvo Trucks ramps up electric truck volumes and starts serial production of heavy battery electric trucks at the Ghent factory in Belgium. This means that electric Volvo trucks are now built in four factories - three in Europe and one in the US.

PR Newswire 7 months ago

Performance Overview

Return	VOLAF	OMX Stockholm 30 Index
YTD	+7.44%	+6.05%
1-Year	+26.22%	+13.21%
3-Year	+10.27%	+13.49%

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AB Volvo (publ) (VOLAF)

Volvo Group - the first quarter 2024

Volvo Group to Increase North American Heavy Truck Production Capacity

New number of votes in AB Volvo

AB Volvo publishes Annual Report 2023

Volvo Group Venture Capital invests in Zacua Ventures

Annual General Meeting of AB Volvo

Proposal for Board of Directors of AB Volvo

Volvo completes acquisition of battery business from Proterra Inc. and Proterra Operating Company

Volvo launches new trucks worldwide - future proofing its product portfolio

Volvo Group - the fourth quarter and full year 2023

Volvo Group has signed an option agreement to divest Arquus

Volvo Group accelerates hydrogen research with PhD scholarships for the internal combustion engine

Volvo Construction Equipment reaches agreement to divest the ABG paver business

Research on rural and urban sustainability in Amazonia rewarded with the Volvo Environment Prize 2023

Volvo Group - the third quarter 2023

Volvo Group, Renault Group and CMA CGM Group join forces to address the growing needs of decarbonized and efficient logistics with an all-new generation of electric vans

Volvo Defense enters 7-year framework agreement for deliveries of logistics trucks to Estonia and Latvia

Pär Boman proposed as new Chairman of AB Volvo

Volvo Group: Professor Lars Eriksson awarded with Håkan Frisingers scholarship for his significant contributions in transportation research

Ramping up: Volvo starts serial production of electric trucks in Ghent

Performance Overview