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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Volvo (AB) 'a' | LSE:VOLA | London | Ordinary Share | SE0000115420 | 'A' SEK6 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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. Net sales rose by 25% to SEK 131.4 billion, the highest so far for a first quarter. We increased the adjusted operating income by SEK 5.7 billion to SEK 18.4 billion, corresponding to a margin of 14.0% (12.0). Return on capital employed rose to 30.3% (25.3). A good profitability is important for us to be able to continue to increase our investments in the biggest technological shift ever in our industries. We are in a period when we are investing battery and fuel cell electric vehicles as well as internal combustion engines in parallel," says Martin Lundstedt, President and CEO.
Press and Analyst Conference Call
An on-line presentation of the report, followed by a question and answer session will be webcast starting at 09.00 CET.
More information, including an interview with CEO Martin Lundstedt, is available on https://www.volvogroup.com/en/investors.html
April 20, 2023
Aktiebolaget Volvo (publ) 556012-5790
Investor Relations
SE-405 08 Göteborg, Sweden
Tel +46 31 66 00 00
www.volvogroup.com
Contact Media Relations:
Claes Eliasson +46 765 53 72 29
Contacts Investor Relations:
Christer Johansson +46 739 02 25 22
Johan Bartler +46 739 02 21 93
Anders Christensson +46 765 53 59 66
For more information, please visit volvogroup.com
For frequent updates, follow us on Twitter: @volvogroup
The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers' uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 100,000 people and serves customers in almost 190 markets. In 2022, net sales amounted to SEK 473 billion (EUR 45 billion). Volvo shares are listed on Nasdaq Stockholm.
The following files are available for download:
https://mb.cision.com/Main/39/3754378/1996362.pdf | Volvo Group Q1 2023 |
https://news.cision.com/ab-volvo/i/volvogroup-q12023-1860x1050,c3168725 | VolvoGroup-Q12023-1860x1050 |
https://mb.cision.com/Public/39/3754378/8e0004025a06a7bd.pdf | 230420-volvo-group-volvo-group- the-first-quarter-2023-en |
View original content:https://www.prnewswire.com/news-releases/volvo-group--the-first-quarter-2023-301802669.html
SOURCE AB Volvo
Copyright 2023 PR Newswire
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