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“For the full year 2024, net sales amounted to SEK 526.8 billion (552.3) and the adjusted operating income to SEK 65.7 billion (78.2), with an adjusted operating margin of 12.5% (14.0). Return on capital employed in the Industrial Operations was strong at 35.8% (36.7). We also generated a strong operating cash flow of SEK 45.3 billion (45.8) with a record fourth quarter. We ended the year with a net cash position of SEK 85.9 billion in the Industrial Operations, pension and lease liabilities excluded. Thanks to our strong finances, we can both provide a good return to our shareholders and invest in the products and solutions strengthening our future competitiveness. The Board of Directors proposes an ordinary dividend of SEK 8.00 per share and an extra dividend of SEK 10.50 per share,” says Martin Lundstedt, President and CEO.
Press release
2025-01-28
The market leader and inventor of the articulated hauler, Volvo Construction Equipment (Volvo CE) today unveiled its biggest and boldest articulated hauler launch to date. Delivering superior innovation, the new range is designed to meet the modern-day need for connected solutions, productivity performance, and emission reduction, with the human at the center.
The Volvo Group report for the fourth quarter and full year 2024 will be published on January 29, 2025 at 7.20 a.m. CET.
Volvo Group President and CEO, Martin Lundstedt, is taking the main stage at CES in Las Vegas today at 09:00 am PST to map out the group’s holistic approach to the decarbonization of the transport, mobility, and infrastructure industries.
Volvo Autonomous Solutions (V.A.S.) and DHL Supply Chain have taken a significant step towards transforming freight transportation with the launch of autonomous operations in the United States. The operations will be enabled by the purpose-built, production-ready Volvo VNL Autonomous which is powered by the Aurora Driver. The start of operations marks a critical phase in validating the full ecosystem required for autonomous transport at scale. At this stage, a safety driver will be present to monitor performance and ensure seamless integration into existing logistic networks. Freight will initially be hauled on two lanes, Dallas to Houston and Fort Worth to El Paso.
Press release
2024-11-20
Renault Trucks, part of Volvo Group, awarded 4 stars in the Euro NCAP safety rating
Euro NCAP – the European New Car Assessment Programme – has been a benchmark in the area of vehicle safety since 1997. In 2024, it has expanded its tests to include heavy-duty trucks. Following months of stringent testing, Euro NCAP has just released the results of this very first assessment: the Renault Trucks T achieved 4 stars, placing it among the safest trucks on the market.
The European consumer test organization Euro NCAP has for the first time ever assessed the safety of heavy-duty trucks. Volvo’s best-selling models, the Volvo FH and the Volvo FM, both received the top rating of five stars. The Volvo FM also had the best overall test result among all tested trucks. The Volvo FM and the Volvo FH Aero scored the maximum five stars in Euro NCAP’s first assessment of truck safety who also gave both Volvo models their City Safe award.
Today, November 14, 2024, the Volvo Group held its Capital Markets Day at the Volvo Trucks Customer Center in New River Valley, Virginia, USA. At the event, President and CEO Martin Lundstedt together with Group Management presented the strategic direction to improve the Group’s performance and to strengthen earnings resilience across the business cycle while continuing to invest and accelerate growth through the transformation.
Press release
2024-10-28
· Volvo Group and Daimler Truck have signed a binding agreement to establish a new 50/50 joint venture to develop a software-defined vehicle platform for heavy duty vehicles and drive the industry transformation. · The new company aims to set an industry standard with headquarters in Gothenburg, Sweden. · The common goal of the partners is to develop a truck operating system and to offer the joint venture's brand- and versatile application-agnostic products to other commercial vehicle OEMs. · Volvo Group and Daimler Truck will remain competitors in all other business areas and will continue to focus on an independent product and service offering, including the respective differentiating digital customer offerings.
“In Q3 2024, demand continued to normalize on most of the Volvo Group’s markets. We are seeing that freight and construction activity has come down in many regions across the world compared with the very high levels of last year. Our net sales decreased by 7% when adjusted for currency and amounted to SEK 117.0 billion (132.3). Sales of vehicles were 11% lower than last year while sales of services remained resilient and increased by 4%. We continued to generate good profits on the lower sales volumes with an adjusted operating income of SEK 14.1 billion (19.3) and a margin of 12.0% (14.4) thanks to hard work by our colleagues and business partners,” says Martin Lundstedt, President and CEO.
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