VOLV-B.ST - AB Volvo (publ)

Stockholm - Stockholm Real Time Price. Currency in SEK
148.15
-2.60 (-1.72%)
At close: 5:29PM CEST
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Previous Close150.75
Open150.75
Bid147.95 x 0
Ask148.00 x 0
Day's Range147.00 - 151.85
52 Week Range131.60 - 171.30
Volume5,951,585
Avg. Volume4,834,291
Market Cap301.134B
Beta1.14
PE Ratio (TTM)13.65
EPS (TTM)10.85
Earnings DateN/A
Forward Dividend & Yield4.25 (2.88%)
Ex-Dividend Date2018-04-06
1y Target Est173.56
  • Thomson Reuters StreetEvents3 days ago

    Edited Transcript of VOLV B.ST earnings conference call or presentation 19-Jul-18 7:00am GMT

    Q2 2018 Volvo AB Earnings Call

  • Benzinga3 days ago

    Volvo Q2 Sales Exceed 100 Billion Kronor For The First Time As Sales Figures Rise Up By 18% Globally

    The VOLVO AB/ADR (OCTMKTS:VLVLY) Q2 earnings began with President and CEO Martin Lundstedt announcing a good increase in net sales, with the company exceeding 100 billion Swedish kronor (SEK) in sales for the first time ever. The company also witnessed solid numbers in its two business areas of trucks and construction equipment, with adjusted operating margins growth of 11.1 percent and 15.1 percent respectively. The company kept up with the usual trend of seeing consolidation in the European market and showing double-digit growth numbers in markets across the rest of the world.

  • The Wall Street Journal3 days ago

    [$$] Volvo Earnings Beat on Truck Demand

    The truck maker reported net income of 9.22 billion Swedish kronor, or $1.04 billion, as sales rose to SEK103.623 billion.

  • Reuters3 days ago

    Exclusive: Volvo shifts production to avoid tariffs, chases record sales

    PARIS/STOCKHOLM (Reuters) - Volvo Cars is juggling production of its top-selling SUV to avoid U.S. import tariffs, Chief Executive Hakan Samuelsson told Reuters on Thursday, as the Swedish carmaker set its sights on a fifth straight year of record sales. The company is shifting XC60 SUV production for the U.S. market to Europe from China to avoid Washington's new duties on Chinese imports, Samuelsson said in an interview after unveiling a 29 percent increase in second-quarter operating profit.

  • Reuters3 days ago

    Truckmaker Volvo's profit tops forecast despite supply chain bottlenecks

    AB Volvo (VOLVb.ST) beat second-quarter profit estimates on Thursday and managed to lift profit margins despite bottlenecks in the supply chain as demand for trucks remained strong. Volvo, like European rivals Daimler (DAIGn.DE) and Volkswagen (VOWG_p.DE), is experiencing rapid growth as construction fleet buyers step up purchases, but parts of the supply chain are struggling to cope, causing raw material, transport and labour costs to climb. The company, which has cut 10 billion crowns of costs, still managed to lift its operating margin which surpassed its 10 percent target for the first time.

  • Volvo Executive Calls for Zero Tariffs on World’s Biggest Markets
    Bloomberg3 days ago

    Volvo Executive Calls for Zero Tariffs on World’s Biggest Markets

    Eliminating all tariffs on cars imported into China, the European Union and the U.S. would be the best way to help automakers and consumers in the world’s largest markets, Volvo Cars Chief Executive Officer Hakan Samuelsson said. “The best thing for the car industry in China, Europe and the U.S. would be to have no protection, and for it to compete on equal terms,” Samuelsson said Thursday in an interview after the carmaker owned by China’s Geely Automobile Holdings Ltd. reported earnings for the first six months of the year.

  • Reuters3 days ago

    Volvo juggling XC60 production to avoid U.S. tariffs - CEO

    Volvo Cars (IPO-VOLVO.ST) is shifting XC60 SUV production for the U.S. market to Europe from China to avoid Washington's new tariffs on Chinese imports, the Swedish carmaker said. Volvo, owned by China's Geely, currently builds the compact XC60 in Sweden for European customers and in China for other markets including the United States. "We will of course reshuffle here and take XC60s for the U.S. ... from our factory in Europe, and let China produce for other markets," Chief Executive Hakan Samuelsson told Reuters on Thursday, adding that the shift had already begun.

  • CNBC3 days ago

    Trump's tariffs could derail Volvo Cars' production plans in the US, CEO warns

    The Swedish automaker Volvo could derail a $1.1 billion investment plan in the U.S. amid rising tensions in global trade, the company’s CEO told CNBC Thursday, calling for a de-escalation in tariffs.

  • Reuters3 days ago

    Volvo juggling XC60 production to avoid U.S. tariffs - CEO

    Volvo Cars (IPO-VOLVO.ST) is shifting XC60 SUV production for the U.S. market to Europe from China to avoid Washington's new tariffs on Chinese imports, the Swedish carmaker said. Volvo, owned by China's Geely, currently builds the compact XC60 in Sweden for European customers and in China for other markets including the United States. "We will of course reshuffle here and take XC60s for the U.S. ... from our factory in Europe, and let China produce for other markets," Chief Executive Hakan Samuelsson told Reuters on Thursday, adding that the shift had already begun.

  • Volvo Beats Profitability Target Amid Booming U.S. Truck Demand
    Bloomberg3 days ago

    Volvo Beats Profitability Target Amid Booming U.S. Truck Demand

    Volvo AB exceeded its profitability target for the first time as price increases and more lucrative customer deals helped boost second-quarter profit more than analysts expected. The world’s second-largest truckmaker is seeing a strong increase in the demand for trucks and reaping the rewards of cost cuts implemented by Chief Executive Officer Martin Lundstedt, appointed in 2015 to address weak profitability. More sales to smaller customers, higher prices and reduced costs linked to changes to the Mack-branded trucks in the U.S. helped lift Volvo’s performance, Chief Financial Officer Jan Gurander said on a conference call.

  • Volvo Profit Rises More Than Expected as Truck Demand Increases
    Bloomberg3 days ago

    Volvo Profit Rises More Than Expected as Truck Demand Increases

    Volvo AB’s efforts to capitalize on increasing truck demand bore fruit in the second quarter as profit rose more than analysts expected. Analysts surveyed by Bloomberg had estimated profit of 10.1 billion kronor, on average. “Demand in our main markets was solid in the second quarter of 2018,” Chief Executive Officer Martin Lundstedt said in the statement.

  • Reuters4 days ago

    Volvo Cars targets sales record, facing down trade worries

    PARIS/STOCKHOLM, July 19 (Reuters) - Volvo Cars (IPO-VOLVO.ST), whose Chinese parent Geely is considering an IPO of the Swedish carmaker, said it was on track for another sales record despite rising trade tensions, after second-quarter profit rose on strong demand for its SUVs. Operating profit increased 29 percent to 4.2 billion Swedish crowns ($474 million) in the three months to June 30, on 66 billion crowns in revenue, up by more than a quarter. Acquired by Geely in 2010, the maker of sleek-but-sober premium cars such as the XC90 SUV and S60 sedan has notched up four straight record sales years, raising its game against larger rivals Mercedes and BMW.

  • Reuters4 days ago

    BRIEF-Transport International Says Unit To Buy CBU Buses For GBP38.3 Mln From Volvo

    July 18 (Reuters) - Transport International Holdings Ltd : * UNIT ENTERED INTO PURCHASE CONTRACT WITH VOLVO TO BUY 150 UNITS OF 12-METRE VOLVO DOUBLE- DECK CBU BUSES FOR GBP38.3 MILLION Source text for ...

  • TheStreet.com11 days ago

    Geely Auto: Safe Haven From Auto Tariffs?

    The bulk of its sales stem from China, meaning tariffs won't be its number one concern. Now, the catch 22 here is whether the tariffs implemented by the United States have a wide scale economic effect on China.

  • Volvo and Land Rover's Luxury-Leading Gains Are Looking Vulnerable
    Bloomberg19 days ago

    Volvo and Land Rover's Luxury-Leading Gains Are Looking Vulnerable

    Smaller players have been making the biggest gains in the U.S. luxury auto market this year -- a trend that could run out of gas if President Donald Trump decides to tax imported cars. Volvo Car Group, which reported a 40 percent sales gain in the first half, has relied exclusively on imports to sell cars in the U.S. Yes, the Chinese-owned Swedish brand invested $1.1 billion in a U.S. manufacturing plant, but it just opened last month and the first model the plant will produce -- the new S60 sedan -- made up only about 8 percent of the company’s U.S. sales so far year. The next three biggest gainers, according to researcher Kelley Blue Book -- Land Rover, Alfa Romeo and Audi -- make no vehicles in the U.S.

  • New Strong Sell Stocks for July 3rd
    Zacks19 days ago

    New Strong Sell Stocks for July 3rd

    Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:

  • Volvo Cars' Billionaire Owner Says Trade War to Hit His Brands
    Bloomberg25 days ago

    Volvo Cars' Billionaire Owner Says Trade War to Hit His Brands

    Volvo Car Group’s billionaire owner warned of the looming trade war’s adverse effects, saying consumers and automakers such as his will be among those hurt by the dispute involving the U.S. and China. Li Shufu, whose Zhejiang Geely Holding Group Co. owns the Swedish carmaker, said both Volvo and his Chinese Geely brand would be hit if the trade tensions escalate, as the companies export and import cars between the U.S. and China. Consumers will suffer from rising costs as carmakers need to start building factories in each market to avoid tariffs, Li said at an event in Hong Kong on Thursday.

  • Volvo, FedEx test truck 'platooning' on public U.S. road
    Reuters25 days ago

    Volvo, FedEx test truck 'platooning' on public U.S. road

    Using a state permit, Volvo and FedEx have been conducting tests on a section of North Carolina highway 540 since April, running three trucks towing two trailers each, a configuration FedEx and rival United Parcel Service Inc run in a number of U.S. states. Keith Brandis, Volvo's North American vice president for product planning, said the tests will help the truck maker amass data to persuade other states and the federal government to permit more testing.

  • Reuters25 days ago

    Volvo, FedEx test truck 'platooning' on public U.S. road

    Using a state permit, Volvo and FedEx have been conducting tests on a section of North Carolina highway 540 since April, running three trucks towing two trailers each, a configuration FedEx and rival United Parcel Service Inc (UPS.N) run in a number of U.S. states. Keith Brandis, Volvo's North American vice president for product planning, said the tests will help the truck maker amass data to persuade other states and the federal government to permit more testing.

  • FedEx, Volvo Test U.S. Truck ‘Platoons’ to Catch Up to Europe
    Bloomberg25 days ago

    FedEx, Volvo Test U.S. Truck ‘Platoons’ to Catch Up to Europe

    FedEx Corp. is trying out new technology to tighten spacing between freight trucks traveling on the highway as a way to increase safety, relieve traffic congestion and reduce fuel consumption. The test of a technique called “platooning” involves three Volvo AB trucks pulling FedEx trailers separated by about 140 feet on a North Carolina toll road. “Most of all it’s a technology that we believe will enhance the safety of our vehicles,’’ said John Smith, chief of FedEx’s freight unit, in a telephone interview.

  • Reuters25 days ago

    Borealis says aims to makes products completely from recycled plastics

    Plastic refuse should be seen as a raw material, able to produce "completely waste-based" recycled goods, the incoming chief executive of Austrian plastics maker Borealis AG [BESGR.UL] told Reuters, vowing his firm would do its bit to cut pollution. Companies from Coca-Cola to Volvo Cars are planning ways to limit use of plastics. Consumer unease about the environmental cost of plastic waste has become a hot political topic.

  • CNBC26 days ago

    Move over Telsa, this self-driving Volvo will let you sleep during your highway commute

    Volvo wants its customers to know that your highway commute to and from work could soon include a nap, a meal or even the latest blockbuster. The Swedish automaker plans to offer a true self-driving car by 2021, Volvo Senior Vice President of Research & Development Henrik Green told automotive website Jalopnik on Wednesday. The system would be available in Volvo’s next generation of XC90 SUVs, according to Jalopnik — and it would approach what is known as Level 4 autonomy, which means the cars can operate safely, and without any need for human assistance, in most driving environments.

  • Reuterslast month

    Uber car's 'safety' driver streamed TV show before fatal crash -police

    A report by the Tempe Police Department said the driver, Rafaela Vasquez, repeatedly looked down and not at the road, glancing up a half second before the car hit Elaine Herzberg, 49, who was crossing the street at night. The report said police concluded the crash, which has dealt Uber Technologies Inc a major setback in its efforts to develop self-driving cars, would have been "entirely avoidable" if Vasquez had been paying attention. Vasquez could face charges of vehicular manslaughter, according to the report, which was released late on Thursday in response to a public records request.

  • The Wall Street Journallast month

    [$$] Trade Concerns Hammer Global Auto Stocks

    BERLIN—Global auto stocks were pummeled Thursday after Daimler AG issued a profit warning overnight that the Mercedes-Benz owner pinned on trade tensions between the U.S. and China. Daimler warned that Chinese retaliatory import duties on cars built in the U.S. would hurt sales of its sport-utility vehicles in the world’s largest auto market. Its shares fell 4.3%, and investors anticipated trouble for other car makers, including the two other German auto giants, BMW AG and Volkswagen AG.

  • Volvo shifts production to avoid tariffs, chases record sales
    Reuters Videos3 days ago

    Volvo shifts production to avoid tariffs, chases record sales

    Volvo reveals it will move production of XC60s to Europe from China, following U.S. trade duties. Francis Maguire reports.