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AB Volvo (publ) (VOLAF) Q2 2022 Earnings Conference Call July 19, 2022, 3:00 AM ET Company Participants Christer Johansson - Head, Investor Relations Martin Lundstedt - Chief Executive Officer Tina Hultkvist - Chief Financial Officer Conference Call Partici...
Volvo AB press release ( OTCPK:VOLAF ): Q2 GAAP EPS of SEK 5.14. Revenue of SEK 118.9B (+31.2% Y/Y). The adjusted operating income rose to SEK 13.7B and achieved an adjusted operating margin of 11.6%. For further details see: Volvo AB GAAP EPS of SEK 5.14, revenu...
In the present macroeconomic environment, there are many areas of employment where we might wonder whether it could make sense to have humans less involved. If we can take people away from certain tasks, then there would be no more need for wages. As long as the system is maintained a...
Volvo manages to churn out revenue growth despite China economic headwinds and semiconductor shortages. We are increasingly confident in Volvo's ability to deliver in a recessionary environment. Service revenue should bolster earnings even if sales decline, and there should be som...
The following provides a roundup of 2Q22 delivery and production volumes observed across EV OEMs within our coverage (TSLA; RIVN; LCID; PSNY; NIO; XPEV). Most EV OEMs have outperformed volume expectations in the second quarter despite recent China lockdowns that have exacerbated suppl...
The Volvo Group ( OTCPK:VLVLY ) has started to lay off significant amounts of personnel according to Russian state media. The exact number of employees to be let go was not disclosed, not was the timeline for the headcount reductions to be completed. Production has been ...
Supply frictions, including new disruptions from the war in Ukraine, have turned the European truck market upside down. Lead times are exceptionally long, and truck registrations are expected to slide again in 2022. With order books reaching far into next year, we expect a delayed...
Nvidia is a generational compounder that has years of 25%+ growth ahead. The enterprise is leading the AI revolution and is building the foundation for democratizing AI for thousands of businesses. The business will generate significantly more cash flows in the future because it i...
New commercial vehicle registrations in the European Union fell 17.1% to 136,410 units in May, followed by 27.1% decline in April, led by decline in van sales. On YTD basis, demand for commercial vehicles in the EU decreased by 19.8% to 673,095 units, with the substantial drops...
FY2021 started on a somber note, the second wave of Covid-19 forced another round of lockdown measures and the market fell 65% as compared to the last quarter of FY2020. India's heavy-duty truck segment accounted for over 70% of all Medium & Heavy Commercial Vehicle sales in FY202...
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Extraordinary General Meeting of AB Volvo AB Volvo hereby gives notice to the Extraordinary General Meeting Tuesday, June 29, 2021 PR Newswire GOTHENBURG, Sweden , June 3, 2021 /PRNewswire/ -- Due to the extraordinary situation as a result of the COVID-19 pan...
AB Volvo's Board of Directors proposes a distribution of the proceeds from the sale of UD Trucks PR Newswire GÖTEBORG, Sweden , June 1, 2021 /PRNewswire/ -- AB Volvo's Board of Directors proposes that the proceeds from the sale of UD Trucks are to be distr...
Volvo Group and Daimler Truck AG fully committed to hydrogen-based fuel-cells - launch of new joint venture cellcentric PR Newswire GOTHENBURG , Sweden and STUTTGART, Germany , April 29, 2021 /PRNewswire/ -- Today, two leaders of the commercial vehicle...