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The number of votes in AB Volvo has changed due to the conversion of a total of 10,000 Series A shares to a total of 10,000 Series B shares. The conversions were implemented with the support of the opportunity for Series A shareholders to request conversion of Series A shares to Series B shares which was entered in the Articles of Association at the 2011 Annual General Meeting.

Volvo Group today published the Annual Report for 2024 on www.volvogroup.com.

AB Volvo (publ) (“Volvo”) gives notice to attend the Annual General Meeting at Konserthuset, Götaplatsen, Göteborg, Wednesday, April 2, 2025, at 3.00 p.m.

Press information from AB Volvo’s Election Committee The Election Committee of AB Volvo proposes the re-election of the Chairman of the Board Pär Boman, as well as Board members Matti Alahuhta, Bo Annvik, Jan Carlson, Eric Elzvik, Martha Finn Brooks, Kurt Jofs, Martin Lundstedt, Kathryn V. Marinello, Martina Merz and Helena Stjernholm.

“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.

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.