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AB Volvo (publ) (VLVLY)
- PR Newswire
Volvo Group - the first quarter 2024
"During Q1 2024, demand continued to normalize at good levels across many of the Volvo Group's markets. Adjusted for currency, net sales were on the same level as in Q1 2023 and amounted to SEK 131.2 billion. Invoiced price continued to increase, mainly on the back of carry-over from the price increases we gradually implemented last year. Adjusted operating income amounted to SEK 18.2 billion (18.6), which corresponds to a margin of 13.8% (14.0). Return on capital employed improved to 37.7% (30.
- Reuters
UPDATE 4-Truck maker Volvo's profits drop less than expected as markets normalise
Truck maker Volvo reported a smaller drop in first-quarter profit than expected on Wednesday as demand returns to more normal levels in many markets following a strong 2023. With the sector bracing for a tougher 2024, Volvo in January forecast fewer trucks would be registered this year, with a particular downturn in Europe. Handelsbank analyst Hampus Engellau said that while Volvo's underlying operational performance was better than expected, the first quarter results were "very plain vanilla".
- Reuters
Truck maker Volvo's profits drop less than expected as markets normalise
STOCKHOLM (Reuters) -Truck maker Volvo reported a smaller drop in first-quarter profit than expected on Wednesday as demand returns to more normal levels in many markets following a strong 2023. With the sector bracing for a tougher 2024, Volvo in January forecast fewer trucks would be registered this year, with a particular downturn in Europe. Handelsbank analyst Hampus Engellau said that while Volvo's underlying operational performance was better than expected, the first quarter results were "very plain vanilla".
