VOLV-B.ST - AB Volvo (publ)

Stockholm - Stockholm Real Time Price. Currency in SEK
153.00
+5.30 (+3.59%)
At close: 5:29PM CEST
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close147.70
Open149.00
Bid152.90 x 0
Ask152.95 x 0
Day's Range149.00 - 153.70
52 Week Range95.00 - 175.10
Volume8,931,686
Avg. Volume7,786,201
Market Cap310.977B
Beta (5Y Monthly)1.39
PE Ratio (TTM)9.80
EPS (TTM)15.62
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateApr 09, 2020
1y Target Est159.27
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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      New Number of Votes in AB Volvo

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      Swedish truck maker AB Volvo (OTCMKTS:VLVLY) reported lower revenue and profit for the first quarter after weathering the early impacts of the coronavirus pandemic that it forecasts will dramatically reduce business results for the rest of the year."These began affecting our operations in China in February and had a severe impact on the Group as of mid-March, when our global supply chain was disrupted and production halted in most parts of our operations," CEO Martin Lundstedt said.Net sales were SEK 91.4 billion ($923 million), down 16% from SEK 107.2 billion in the year-ago quarter. Adjusted operating income amounted to SEK 7,14 billion ($72.1 million) was down from SEK 12.69 billion. The operating margin was 7.8% compared with 11.8% in the year-ago quarter. Operating cash flow of negative SEK 4.1 billion compared to positive cash flow of SEK 2.7 billion a year ago.Truck deliveries fallNew trucks deliveries fell 24% in the quarter with all regions except South America reporting lower volumes. Truck sales declined 15% to SEK 58.0 billion. Adjusted operating income was SEK 3.9 billion compared with SEK 8.3 billion in the first quarter of 2019. The 6.8% margin was down 44% from 12.2% a year ago.First-quarter new truck orders declined 16.1% year-over-year but grew increasingly worse as the quarter progressed. Net orders in March were down 75% from February. "Since the end of March, net order intake has been negative as a consequence of increasingly cautious customers and dealers cancelling already placed orders," Lundstedt said.Orders in North America fell 13% to 4,732 from 5,469 in the year-ago period. Mack Trucks was an exception with orders up 15% to 3,744 from 3,243.In North America, registrations of new trucks tumbled 26% to 57,459 from 77,216 a year ago. The Volvo Group, consisting of Volvo Trucks North America and Mack Trucks, were down 21% and 28% respectively.Forceful actions"The speed at which we were impacted [by COVID-19] forced us to take immediate and forceful actions to quickly reduce spending," Lundstedt said. "Measures such as salary reductions, temporary lay-offs and reduction of purchased services have already been implemented," adding that it will be difficult to match necessary cuts to falling business activity going forward.Volvo Trucks North America will resume production at its New River Valley manufacturing complex in Dublin, Virginia on April 27 at a reduced rate on one shift and with reconfigured manufacturing processes to allow for increased social distancing of employees. Mack Trucks said Thursday it plans to restart production on May 11 depending on supplier readiness."Customers are likely to reduce their capacity and postpone buying new vehicles and machines to adapt to lower business activity," Lundstedt said. "It is clear that we have entered a tough period with both production stops and low demand having a substantial negative impact on our profitability."See more from Benzinga * Union Pacific Sees First-Quarter Net Profit Grow * Daseke Appoints New CFO * Tight Capacity Will Drive Year-End Snapback In Trucking Markets: TIA Economist(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

    • Volvo Group - the First Quarter 2020
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      "The first quarter of 2020 was impacted by the measures in society to stop the spread of the COVID-19 pandemic. These began affecting our operations in China in February and had a severe impact on the Group as of mid-March, when our global supply chain was disrupted and production halted in most parts of our operations. The reduced production and the lower demand impacted both the Group's sales and profits negatively in Q1. Net sales decreased by 15% to SEK 91.4 billion. Our adjusted operating income amounted to SEK 7.1 billion (12.7) with a margin of 7.8% (11.8). Cash flow was negative of SEK 4.1 billion with the normal seasonal effect from higher working capital. We maintain a strong financial position with net cash of SEK 57.8 billion in the Industrial Operations, pension and lease liabilities excluded," says Martin Lundstedt, President and CEO.

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      Sweden's Volvo hit by cancelled orders as pandemic creates 'new normal'

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      Sweden's Volvo hit by cancelled orders as pandemic creates "new normal"

      Sweden's AB Volvo on Thursday warned of stalling truck orders and a challenging adjustment to a "new normal" of feebler demand after reporting a smaller-than-expected fall in quarterly operating earnings helped by service sales. The rival to Germany's Daimler and Volkswagen subsidiary Traton said its net order intake had turned negative since the end of March as customers rushed to cancel planned truck purchases due to the coronavirus pandemic. The Gothenburg-based manufacturer last suffered a demand downturn on a similar scale during the 2008 global financial crisis when cancellations outpaced new orders for a full quarter.

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      Benzinga

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    • Daimler and Volvo will combine forces to develop fuel cell trucks
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      Daimler and Volvo will combine forces to develop fuel cell trucks

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