Volvo AB (VLVLY)

OTCMKTS: VLVLY · Delayed Price · USD
29.15
-0.71 (-2.39%)
Mar 28, 2024, 10:10 AM EDT - Market open
Market Cap 60.90B
Revenue (ttm) 51.59B
Net Income (ttm) 4.65B
Shares Out 2.01B
EPS (ttm) 2.29
PE Ratio 12.74
Forward PE 1.31
Dividend $3.03 (10.40%)
Ex-Dividend Date Apr 1, 2024
Volume 14,529
Open 29.14
Previous Close 29.86
Day's Range 28.59 - 29.33
52-Week Range 17.94 - 30.14
Beta 1.07
Analysts n/a
Price Target n/a
Earnings Date Jul 19, 2023

About VLVLY

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands. It offers road construction machine, haulers, wheel load... [Read more]

Sector Industrials
Founded 1927
Employees 89,715
Stock Exchange OTCMKTS
Ticker Symbol VLVLY
Full Company Profile

Financial Performance

In 2023, Volvo AB's revenue was 552.76 billion, an increase of 16.75% compared to the previous year's 473.48 billion. Earnings were 49.83 billion, an increase of 52.27%.

Financial numbers in SEK Financial Statements

News

New number of votes in AB Volvo

GOTHENBURG, Sweden , March 28, 2024 /PRNewswire/ -- The number of votes in AB Volvo has changed due to the conversion of a total of 1,490 Series A shares to a total of 1,490 Series B shares. The conve...

2 hours ago - PRNewsWire

Annual General Meeting of AB Volvo

AB Volvo held its Annual General Meeting on March 27, 2024. The Meeting was held at Konserthuset in Göteborg, Sweden, with the option for shareholders to exercise their voting rights by advance voting...

20 hours ago - PRNewsWire

Volvo Group and Renault Group complete creation of a joint venture for an all-new generation of electric vans: Flexis SAS

GOTHENBURG, Sweden , March 22, 2024 /PRNewswire/ -- Following the binding joint venture agreements signed on October 6 th, 2023, Volvo Group and Renault Group have obtained all the required regulatory...

Other symbols: RNLSY
6 days ago - PRNewsWire

Renault Group and Volvo Group complete creation of Flexis SAS, joint venture for the revolutionary generation of electric vans

20240322_Renault Group_Press Release_ Completion of Flexis SAS JV creation

Other symbols: RNLSY
6 days ago - GlobeNewsWire

Renault expects closing of electric vans JV with Volvo and CMA CGM by early April

Renault expects the closing of its joint venture in electric vans with Volvo and French shipping group CMA CGM to happen by the beginning of April, a spokeswoman told Reuters on Wednesday.

Other symbols: RNLSY
15 days ago - Reuters

Save the date for the Volvo Group Capital Markets Day on November 14, 2024

GOTHENBURG, Sweden , March 12, 2024 /PRNewswire/ -- The Volvo Group will hold a Capital Markets Day at Volvo Trucks' operations in Dublin, Virginia, USA on November 14, 2024. During the day, executive...

16 days ago - PRNewsWire

Truck maker Volvo slows production and cuts 250 jobs, daily GP reports

Swedish truck maker AB Volvo plans to slow down the pace of production at its Tuve plant in Gothenburg and cut 250 jobs at the facility, local daily Goteborgs-Posten reported on Tuesday, citing a comp...

16 days ago - Reuters

Volvo invests in, taps Breathe Battery tech for 30% faster EV charging

Volvo Cars has invested in UK startup Breathe Battery Technologies and will use its battery software to cut charging time for its next generation of electric vehicles by 30%, the two companies said on...

16 days ago - Reuters

Volvo Group signs agreement with Westport for joint venture to reduce CO2 emissions from long haul transport

GOTHENBURG, Sweden , March 11, 2024 /PRNewswire/ -- The Volvo Group has signed an agreement according to the previously announced Letter of Intent with Westport Fuel Systems Inc to establish a joint v...

17 days ago - PRNewsWire

Volvo Cars February sales volume down 2% year-on-year

Volvo Cars' sales fell 2% in February from a year earlier to 50,315 cars, the Sweden-based group said on Tuesday, pointing to the timing of the Lunar New Year in China as an explanation for the declin...

23 days ago - Reuters

AB Volvo publishes Annual Report 2023

Volvo Group today published the Annual Report for 2023 on www.volvogroup.com. GOTHENBURG, Sweden , Feb. 29, 2024 /PRNewswire/ -- "During 2023 dedicated colleagues across the Volvo Group worked hard to...

4 weeks ago - PRNewsWire

Self-driving sensor maker Luminar falls as production delay at Volvo hits earnings

Luminar Technologies shares tumbled about 10% on Wednesday after the self-driving sensor maker's fourth-quarter results missed estimates on delayed production schedule for Volvo Cars' new EX90 electri...

Other symbols: LAZR
4 weeks ago - Reuters

Volvo Group Venture Capital invests in Zacua Ventures

GOTHENBURG, Sweden , Feb. 27, 2024 /PRNewswire/ -- Volvo Group Venture Capital AB has invested in Zacua Ventures Builders Fund I, L.P. - a global venture capital fund focused on early-stage technology...

4 weeks ago - PRNewsWire

Volvo falls 5% after it sets out to dilute stake in electric vehicle automaker Polestar

Shares of Volvo Cars fell on Friday after the company said it would dilute its stake in electric vehicle maker Polestar.

Other symbols: PSNY
4 weeks ago - CNBC

Volvo Cars to dilute stake in EV maker Polestar

Volvo Cars said on Friday it plans to distribute 62.7% of its stake worth 9.5 billion crowns ($920.17 million) in Swedish electric vehicle manufacturer Polestar Automotive Holding to its own sharehold...

Other symbols: PSNY
4 weeks ago - Reuters

Proposal for Board of Directors of AB Volvo

GOTHENBURG, Sweden , Feb. 20, 2024 /PRNewswire/ -- Press information from AB Volvo's Election Committee As previously announced, the Election Committee of AB Volvo proposes Pär Boman to be elected new...

5 weeks ago - PRNewsWire

Volvo Cars' sales rise 10% y/y in January

Volvo Cars' sales increased 10% to 53,402 cars in January from a year earlier, the Sweden-based group said on Monday.

7 weeks ago - Reuters

Volvo CEO discusses goal of going 'completely electric by 2030'

Swedish automaker Volvo (VOLCAR-B.ST, VLVLY) reported electric vehicle sales to have jumped by 70% year-over-year in 2023. Volvo Cars Deputy CEO and Chief Commercial Officer Björn Annwall joins Yahoo ...

7 weeks ago - Yahoo Finance

Volvo's Funding Cut Highlights Ongoing Challenges in Global EV Market

While electric vehicles (EVs) have been celebrated for their potential to revolutionize transportation and accelerate the path toward a greener future, recent moves by original equipment manufacturers...

7 weeks ago - PYMNTS

Volvo completes acquisition of battery business from Proterra Inc. and Proterra Operating Company

GOTHENBURG, Sweden , Feb. 1, 2024 /PRNewswire/ -- The Volvo Group has today completed the previously announced transaction whereby the Group acquired the battery business from Proterra Inc. and Proter...

7 weeks ago - PRNewsWire

Volvo's Polestar troubles signal 'shakeout time' for EV industry

The shakeout in the global electric-vehicle industry is picking up speed.

Other symbols: PSNY
7 weeks ago - Reuters

Volvo cuts off Polestar funding despite fact it helped pioneer electric cars

The company declared Volvo Cars is focused on “developing and concentrating its resources on its own ambitious journey.”

Other symbols: PSNY
7 weeks ago - New York Post

Volvo Pulls Funding From Polestar, Marking Latest Setback for EV Industry

Sweden's Volvo said it would stop funding electric vehicle (EV) maker Polestar (PSNY), in the latest pullback by automakers of their EV forays.

Other symbols: PSNY
7 weeks ago - Investopedia

Volvo Cars CEO: We expect another record year for revenues

Volvo Cars CEO Jim Rowan discusses fourth-quarter earnings and the company's decision to stop funding Polestar Automotive.

2 months ago - CNBC International TV

Volvo, An Early Electric Car Adopter, Cuts Off Funding For Its EV Affiliate

Volvo Car said it won't provide further funding to Polestar, the electric-car maker it created with Volvo's Chinese owner Geely — the latest EV retrenchment by the global auto industry.

2 months ago - WSJ