AB Volvo (publ) (VLVLY)

AB Volvo Income Statement

Financials in millions SEK. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	490,202	499,834	528,240	456,124	358,779	324,486
Other Revenue	27,229	26,982	24,012	17,355	13,437	13,960
Revenue	517,431	526,816	552,252	473,479	372,216	338,446
Revenue Growth (YoY)	-6.28%	-4.61%	16.64%	27.21%	9.98%	-21.65%
Cost of Revenue	360,398	364,161	386,029	351,100	274,763	250,944
Gross Profit	133,848	139,716	145,935	105,871	87,304	75,106
Selling, General & Admin	38,517	39,029	37,722	31,933	26,434	28,896
Research & Development	30,576	30,957	26,645	22,526	18,027	16,798
Other Operating Expenses	1,761	1,792	917	4,498	1,500	995
Operating Expenses	70,854	71,778	65,284	58,957	45,961	46,689
Operating Income	62,994	67,938	80,651	46,914	41,343	28,417
Interest Expense	-1,637	-1,592	-1,684	-1,205	-1,167	-1,349
Interest & Investment Income	2,481	2,706	2,690	1,140	358	299
Earnings From Equity Investments	-2,146	-2,166	-2,568	-1,333	-54	1,749
Currency Exchange Gain (Loss)	-275	-275	-851	-331	-24	-227
Other Non Operating Income (Expenses)	-616	-223	-729	-108	949	-292
EBT Excluding Unusual Items	60,801	66,388	77,509	45,077	41,405	28,597
Merger & Restructuring Charges	572	572	-2,570	-	157	-2,703
Gain (Loss) on Sale of Investments	-	-	-14	-	-15	-3
Gain (Loss) on Sale of Assets	249	249	-2,199	-	1,643	25
Legal Settlements	-	-	-6,000	-	-	-
Pretax Income	61,622	67,209	66,726	45,077	43,190	25,916
Income Tax Expense	15,166	16,634	16,794	12,108	9,947	5,843
Earnings From Continuing Operations	46,456	50,575	49,932	32,969	33,243	20,073
Minority Interest in Earnings	-257	-186	-107	-247	-456	-755
Net Income	46,199	50,389	49,825	32,722	32,787	19,318
Net Income to Common	46,199	50,389	49,825	32,722	32,787	19,318
Net Income Growth	-9.40%	1.13%	52.27%	-0.20%	69.72%	-46.13%
Shares Outstanding (Basic)	2,033	2,033	2,033	2,033	2,033	2,033
Shares Outstanding (Diluted)	2,033	2,033	2,033	2,033	2,033	2,033
EPS (Basic)	22.72	24.79	24.51	16.10	16.13	9.50
EPS (Diluted)	22.72	24.78	24.50	16.09	16.12	9.50
EPS Growth	-9.37%	1.14%	52.27%	-0.19%	69.68%	-46.14%
Free Cash Flow	28,505	32,552	8,276	12,788	15,530	16,313
Free Cash Flow Per Share	14.02	16.01	4.07	6.29	7.64	8.02
Dividend Per Share	8.000	8.000	7.500	7.000	6.500	6.000
Dividend Growth	6.67%	6.67%	7.14%	7.69%	8.33%	-
Gross Margin	25.87%	26.52%	26.42%	22.36%	23.46%	22.19%
Operating Margin	12.17%	12.90%	14.60%	9.91%	11.11%	8.40%
Profit Margin	8.93%	9.56%	9.02%	6.91%	8.81%	5.71%
Free Cash Flow Margin	5.51%	6.18%	1.50%	2.70%	4.17%	4.82%
EBITDA	70,274	74,853	86,979	52,854	46,811	32,665
EBITDA Margin	13.58%	14.21%	15.75%	11.16%	12.58%	9.65%
D&A For EBITDA	7,280	6,915	6,328	5,940	5,468	4,248
EBIT	62,994	67,938	80,651	46,914	41,343	28,417
EBIT Margin	12.17%	12.90%	14.60%	9.91%	11.11%	8.40%
Effective Tax Rate	24.61%	24.75%	25.17%	26.86%	23.03%	22.55%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.