Volvo Car AB (publ.) (STO:VOLCAR.B)

Volvo Car AB (publ.) Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	400,234	399,343	330,145	282,045	262,833
Revenue Growth (YoY)	0.22%	20.96%	17.05%	7.31%	-4.12%
Cost of Revenue	320,821	321,722	269,784	221,254	216,813
Gross Profit	79,413	77,621	60,361	60,791	46,020
Selling, General & Admin	37,447	38,595	32,485	28,698	24,457
Research & Development	16,983	12,884	11,514	12,714	11,362
Other Operating Expenses	-2,057	-991	-756	-46	531
Operating Expenses	52,373	50,488	43,243	41,366	36,350
Operating Income	27,040	27,133	17,118	19,425	9,670
Interest Expense	-1,164	-1,997	-1,045	-794	-1,167
Interest & Investment Income	2,190	2,791	852	600	550
Earnings From Equity Investments	-4,722	-5,628	4,443	-951	-352
Currency Exchange Gain (Loss)	-	-1,594	888	1,821	-1,065
Other Non Operating Income (Expenses)	-625	501	-590	-440	-33
EBT Excluding Unusual Items	22,719	21,206	21,666	19,661	7,603
Gain (Loss) on Sale of Investments	-	-152	-822	-901	1,943
Asset Writedown	-	-194	-29	-	-
Pretax Income	22,719	20,860	20,815	18,760	9,546
Income Tax Expense	6,785	6,794	3,812	4,583	1,758
Earnings From Continuing Operations	15,934	14,066	17,003	14,177	7,788
Minority Interest in Earnings	-533	-1,013	-1,426	-1,631	-1,954
Net Income	15,401	13,053	15,577	12,546	5,834
Preferred Dividends & Other Adjustments	-	-	-	360	126
Net Income to Common	15,401	13,053	15,577	12,186	5,708
Net Income Growth	17.99%	-16.20%	24.16%	115.05%	-18.00%
Shares Outstanding (Basic)	2,977	2,980	2,980	2,580	2,500
Shares Outstanding (Diluted)	2,978	2,980	2,980	2,580	2,557
Shares Change (YoY)	-0.07%	0.02%	15.49%	0.90%	5013.88%
EPS (Basic)	5.17	4.38	5.23	4.72	2.28
EPS (Diluted)	5.17	4.38	5.23	4.72	2.28
EPS Growth	18.04%	-16.22%	10.76%	106.87%	-98.40%
Free Cash Flow	22,113	24,382	19,815	18,500	24,299
Free Cash Flow Per Share	7.43	8.18	6.65	7.17	9.50
Gross Margin	19.84%	19.44%	18.28%	21.55%	17.51%
Operating Margin	6.76%	6.79%	5.18%	6.89%	3.68%
Profit Margin	3.85%	3.27%	4.72%	4.32%	2.17%
Free Cash Flow Margin	5.53%	6.11%	6.00%	6.56%	9.25%
EBITDA	42,371	35,989	25,819	27,418	18,144
EBITDA Margin	10.59%	9.01%	7.82%	9.72%	6.90%
D&A For EBITDA	15,331	8,856	8,701	7,993	8,474
EBIT	27,040	27,133	17,118	19,425	9,670
EBIT Margin	6.76%	6.79%	5.18%	6.89%	3.68%
Effective Tax Rate	29.86%	32.57%	18.31%	24.43%	18.42%

Source: S&P Capital IQ. Standard template. Financial Sources.