AB Volvo (publ) (STO: VOLV.A)

AB Volvo Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	510,317	528,752	456,124	358,779	324,486	417,110
Other Revenue	26,587	24,012	17,355	13,437	13,960	14,870
Revenue	536,904	552,764	473,479	372,216	338,446	431,980
Revenue Growth (YoY)	-0.31%	16.75%	27.21%	9.98%	-21.65%	10.53%
Cost of Revenue	371,449	387,058	351,100	274,763	250,944	316,512
Gross Profit	142,903	145,418	105,871	87,304	75,106	103,365
Selling, General & Admin	39,009	37,722	31,933	26,434	28,896	37,663
Research & Development	29,790	26,645	22,526	18,027	16,798	18,539
Other Operating Expenses	-8,110	917	4,498	1,500	995	1,913
Operating Expenses	60,689	65,284	58,957	45,961	46,689	58,115
Operating Income	82,214	80,134	46,914	41,343	28,417	45,250
Interest Expense	-998	-1,167	-1,205	-1,167	-1,349	-1,674
Interest & Investment Income	2,934	2,690	1,140	358	299	605
Earnings From Equity Investments	-2,431	-2,568	-1,333	-54	1,749	1,859
Currency Exchange Gain (Loss)	-851	-851	-331	-24	-227	-538
Other Non Operating Income (Expenses)	-675	-729	-108	949	-292	-806
EBT Excluding Unusual Items	80,193	77,509	45,077	41,405	28,597	44,696
Merger & Restructuring Charges	-2,570	-2,570	-	157	-2,703	-204
Gain (Loss) on Sale of Investments	9	-14	-	-15	-3	-
Gain (Loss) on Sale of Assets	-2,199	-2,199	-	1,643	25	2,341
Legal Settlements	-6,000	-6,000	-	-	-	-
Pretax Income	69,433	66,726	45,077	43,190	25,916	46,833
Income Tax Expense	17,588	16,794	12,108	9,947	5,843	10,337
Earnings From Continuing Operations	51,845	49,932	32,969	33,243	20,073	36,496
Minority Interest in Earnings	-144	-107	-247	-456	-755	-635
Net Income	51,701	49,825	32,722	32,787	19,318	35,861
Net Income to Common	51,701	49,825	32,722	32,787	19,318	35,861
Net Income Growth	16.46%	52.27%	-0.20%	69.72%	-46.13%	44.04%
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)	25.43	24.51	16.10	16.13	9.50	17.64
EPS (Diluted)	25.42	24.50	16.09	16.12	9.50	17.64
EPS Growth	16.45%	52.27%	-0.19%	69.68%	-46.14%	44.11%
Free Cash Flow	22,214	3,288	12,788	15,530	16,313	20,992
Free Cash Flow Per Share	10.93	1.62	6.29	7.64	8.02	10.33
Dividend Per Share	7.500	7.500	7.000	6.500	6.000	-
Dividend Growth	7.14%	7.14%	7.69%	8.33%	-	-
Gross Margin	26.62%	26.31%	22.36%	23.46%	22.19%	23.93%
Operating Margin	15.31%	14.50%	9.91%	11.11%	8.40%	10.48%
Profit Margin	9.63%	9.01%	6.91%	8.81%	5.71%	8.30%
Free Cash Flow Margin	4.14%	0.59%	2.70%	4.17%	4.82%	4.86%
EBITDA	89,003	86,461	52,854	46,811	32,665	50,864
EBITDA Margin	16.58%	15.64%	11.16%	12.58%	9.65%	11.77%
D&A For EBITDA	6,789	6,327	5,940	5,468	4,248	5,614
EBIT	82,214	80,134	46,914	41,343	28,417	45,250
EBIT Margin	15.31%	14.50%	9.91%	11.11%	8.40%	10.47%
Effective Tax Rate	25.33%	25.17%	26.86%	23.03%	22.55%	22.07%

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