Volvo AB

Earnings data Q1 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.

KALMAR CORPORATION, TRADE PRESS RELEASE, 3 SEPTEMBER 2024 AT 10 (EEST) Kalmar has signed a framework service agreement with global integrated power solutions provider Volvo Penta to become an authorised service provider for Volvo Penta engines installed in Kalmar and Toijala Works machines. The agreement will combine the strengths of both companies' service networks and improve service capabilities towards the customers. The agreement was signed in Q3 2024.  Volvo Penta, part of the Volvo Group, is a world-leading supplier of engines and complete power systems for marine and industrial applications. Approximately 50% of the machines Kalmar manufactures are supplied with Volvo Penta engines. Under the agreement, Kalmar service technicians will be authorised to perform service and repair work on engines to an agreed technical level. The agreement covers both warranty-related and post-warranty service and repair work. Initially, the agreement will cover Italy, Spain, South Africa and Norway. Roll out to additional countries will proceed according to a plan agreed between Kalmar, Volvo Penta and the Volvo Penta service dealer network. “Adding value for owners and operators of machines powered by Volvo Penta is of utmost importance to us. The framework service agreement is proof of this and a result of the close cooperation we have with Kalmar,” says Björn Säljö, Vice President Service Market Industrial at Volvo Penta. “We are delighted to continue our long-term collaboration with Volvo Penta. This framework agreement significantly enhances our service offering and value proposition, and marks a transformative step for our operations and service capabilities. As an authorised Volvo Penta service partner we will be able to reduce downtime and improve productivity for customers who own machines powered by Volvo Penta engines,” says Thomas Malmborg, President, Kalmar Services.

Kalmar and Volvo Penta deepen collaboration with framework service agreement for engines

GOTHENBURG, Sweden , Sept. 3, 2024 /PRNewswire/ -- Up to 600 km on one single charge.

Breakthrough: Volvo to launch electric truck with 600 km range

Sweden's Volvo will launch a long-range variant of its FH Electric truck, capable of covering up to 600 km (373 miles) on a single charge, its truckmaking arm said on Tuesday.

Volvo Trucks to launch electric truck with 600 km range

GOTHENBURG, Sweden , Aug. 30, 2024 /PRNewswire/ -- The Håkan Frisinger Foundation for Transportation Research has appointed Professor Johan Woxenius at the University of Gothenburg as this year's scholarship recipient. The prize includes a guest research program at Lund University.

Professor Johan Woxenius and Lund University awarded the Volvo scholarship Håkan Frisinger Prize

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.

News for Volvo AB Stock (VLVLY)