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.

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

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

(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.

Volvo Cars' sales rise 22% in February

GOTHENBURG, Sweden , Feb. 28, 2023 /PRNewswire/ -- Volvo Group today published the Annual Report 2022 on www.volvogroup.com . During the year, the Volvo Group delivered solid profitability, good return to shareholders and accelerated the transformation in yet another challenging year with geopolitical turmoil, supply chain constraints and high inflationary pressure.

AB Volvo publishes Annual Report 2022

GOTHENBURG, Sweden., Feb. 23, 2023 /PRNewswire/ -- Last year, the number of heavy electric trucks on the roads in Europe and the United States grew faster than ever before.

Volvo leads the booming market for electric trucks

GOTHENBURG, Sweden , Feb. 21, 2023 /PRNewswire/ -- As part of an industry-leading ambition to advance its electromobility offering with speed and reliability, Volvo Construction Equipment (Volvo CE) has developed a solution to convert the L120 wheel loader to electric - fulfilling market appetite for more sustainable solutions in the mid-size range. Developed in conjunction with partners – Parker Hannifin and converted by Volvo Group's own CE Engineering Solutions – the 20-ton L120H Electric Conversion will be commercially available for selected customers in Europe during 2023.

Volvo CE expands mid-size electric offering with L120H Electric Conversion

GOTHENBURG, Sweden , Feb. 17, 2023 /PRNewswire/ -- Volvo Construction Equipment (Volvo CE) has announced an investment into battery pack production at its excavator plant in Changwon, South Korea, signaling once again its ambition to drive industry transformation with sustainable solutions. The Changwon plant in South Korea specializes in the production of excavators and is the biggest excavator production site in Volvo CE The SEK 80 million ($7.8 million) investment from Volvo Group will enable the plant to begin manufacturing a wide range of battery pack solutions for the Volvo Group This is another important step forward towards the company's Science Based Targets initiative and its ambitions to be fossil free, with 35% of machine sales to be electric by 2030 With the SEK 80 million (around $7.8 million) investment from Volvo Group, a new production facility and equipment will be built at the Changwon plant in South Korea – which at around 1.1 million sq.

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