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  • Claes Eliasson

    Head of Media Relations, Volvo Group


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    The Volvo Group passes the milestone of one million connected customer assets for increased sustainability, uptime and safety

    The Volvo Group has delivered more than one million connected customer assets, in terms of delivered trucks, buses, and construction equipment. The large amount of data collected is used to improve productivity by increasing vehicle and machine uptime, reducing emissions and noise, as well as improving traffic and site safety.“The connected solutions bring increased vehicle and construction equipment uptime for our customers, better safety for drivers, operators and other road users – and of course – less emissions of carbon dioxide. The first million connected assets is only the start, we

    Volvo Group – the second quarter 2018

    “Demand in our main markets was solid in the second quarter of 2018, and both our vehicle and service business continued to grow at a good pace. Our net sales increased by 18% to SEK 104 billion, we improved the adjusted operating income by SEK 3 billion to SEK 11.5 billion and we reached an adjusted operating margin of 11.1% (9.6). This is the first time that the Volvo Group’s sales have exceeded SEK 100 billion in a single quarter and it is also the first time the operating margin is above 10%,” says Martin Lundstedt, President and CEO.·In Q2 2018 net sales increased by 18% to SEK 103.6

    Volvo Group intends to initiate a process to divest Governmental Sales

    Volvo Group intends to initiate a process in order to divest its Governmental Sales business area.Volvo Group has conducted a strategic review of the Governmental Sales business area and intends to initiate a process to divest this business. “Governmental Sales has built a very strong position over the last few years with a positive development and a record order book. There are great opportunities to grow the business even further, however, we believe that a new owner may be better placed to take the business to the next level. Consequently, we intend to start preparations to divest the

    Volvo continues to invest in attracting young people to the industry

    Volvo Group’s three-year initiative, the Volvo Step, will continue and become part of the business operations. A new round of vocational training will commence in autumn at 11 of Volvo Group’s facilities, offering 100 participants a paid, one-year training course in industrial production.When the third round of Volvo Step participants graduate at the end of October, a total of 1,200 young people will have completed the training course and acquired skills for a future in this industrial sector. Due to the positive response to the Volvo Step, Volvo Group has decided to continue the training

    AB Volvo publishes 2013 Annual Report

    Today, Wednesday, March 12, AB Volvo is publishing its 2013 Annual Report on www.volvogroup.com. The Annual Report is available both in a web version formatted for reading on screen and as a PDF document for downloading.March 12, 2014. Journalists who would like further information, please contact Karin Wik, + 46 31 323 72 29. For more stories from the Volvo Group, please visit http://www.volvogroup.com/globalnews.   The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides

    Volvo Group – the fourth quarter 2013

    The fourth quarter for the Volvo Group was characterized by a high activity level, with a number of product launches. We have entered into 2014 with a new product portfolio that will strengthen the Group’s competitiveness. During 2013, extra costs associated with the product renewal put pressure on the Group’s profitability, and this was also the case in the fourth quarter. In the fourth quarter, the Group’s net sales rose 8% year-on-year, and amounted to SEK 76.6 billion with an operating margin of 4.0% adjusted for restructuring charges and the write-down of Volvo Rents. The seasonally good

    Chinese authority approves joint venture between the Volvo Group and Dongfeng Motor Group

    On January 7, 2014 the National Development and Reform Commission (NDRC) in China gave its approval of the establishment of a joint venture between the Volvo Group and Dongfeng Motor Group Company Limited.  Before completion of the transaction, additional authority approvals are to be obtained.As announced in January 2013, AB Volvo has signed an agreement with the Chinese vehicle manufacturer Dongfeng Motor Group Company Limited (DFG) to acquire 45% of a new subsidiary of DFG, Dongfeng Commercial Vehicles (DFCV), which will include the major part of DFG’s medium- and heavy-duty commercial

    Volvo Group – the third quarter 2013

    During the third quarter, the Volvo Group’s net sales decreased by 5% to SEK 64.9 billion. Operating income amounted to SEK 2,502 M excluding restructuring charges of SEK 104 M. Operating income was negatively impacted by changes in currency exchange rates as well as costs related to the launch of new trucks, changeovers to the new trucks in the industrial system and parallel production of new and old generations of trucks. Operating margin in the third quarter was 3.9% excluding restructuring charges. · In the third quarter, net sales decreased by 5% to SEK 64.9 billion compared to

    Volvo Group – the second quarter 2013

    The Volvo Group’s sales for the second quarter of 2013 recovered considerably compared with the first quarter of 2013 and amounted to SEK 72.8 billion, up 25%. Profitability also improved thanks to higher sales volumes and better capacity utilization in our plants. Despite having to increase our warranty reserves by SEK 900 M for legacy truck quality issues, operating income totaled SEK 3.3 billion, corresponding to an operating margin of 4.5% compared with 0.8% in the first quarter. · In the second quarter, net sales increased by 25% to SEK 72.8 billion compared to the first quarter.

    Volvo dismisses media speculation concerning acquisition of Nexter of France

    The Volvo Group has no plans to acquire the French company Nexter, a manufacturer of products for the defense industry. Information reported in the Swedish media is absolutely untrue.An article in Dagens Industri on February 7 described the possibility of the Volvo Group merging or combining some of its operations with Nexter. “The article is based on an interview with a person who is incorrectly named as the President of the French company Panhard, which Volvo acquired in 2012,” says Mårten Wikforss, Executive Vice President Corporate Communication at Volvo. “The person in question

    Volvo Group – the fourth quarter and full year 2012

    In the fourth quarter the Volvo Group’s net sales declined to SEK 71.8 billion (86.5) as a result of lower economic activity in many of our markets and a continued uncertainty about the future direction that makes our customers more cautious. However, overall we have maintained our market positions with some regional variations. Operating income declined to SEK 1,121 M (6,955). For the full-year 2012, the Volvo Group’s net sales amounted to SEK 303.6 billion (310.4) with an operating income of SEK 17.6 billion (26.9) and an operating margin of 5.8% (8.7). · In the fourth quarter, net

    Volvo to become world’s largest heavy-duty truck manufacturer following strategic alliance with Chinese company Dongfeng Motor Group

    AB Volvo has signed an agreement with the Chinese vehicle manufacturer Dongfeng Motor Group Company Limited (DFG) to acquire 45% of a new subsidiary of DFG, Dongfeng Commercial Vehicles (DFCV), which will include the major part of DFG’s medium- and heavy-duty commercial vehicles business. At completion of the transaction, the Volvo Group will become the world’s largest manufacturer of heavy-duty trucks.  “This is a very exciting venture that will combine the best of two worlds, strengthening the positions of the Volvo Group and Dongfeng and offering excellent opportunities to both parties,”

    Renault Trucks Defense to acquire French manufacturer Panhard

    Renault Trucks Defense, which is included in the Volvo Group’s Governmental Sales business area, is to acquire the French automotive manufacturer Panhard. The transaction is expected to be finalized during the fourth quarter of 2012. For implementation, approval is required from the relevant authorities.Panhard is a private company which has a background in the car industry. The company specializes in manufacturing light transport vehicles adapted for defense operations. In 2011, Panhard reported sales of EUR 81 M and operating profit amounted to EUR 9.4 M. The company has approximately 300

    Volvo Group – Report on the first quarter 2012

    During the first quarter of 2012, the Volvo Group’s sales development continued to be strong. Net sales rose by 10% to SEK 78.8 billion and was the highest so far for a first quarter. The operating income of SEK 6.2 billion was on par with the year-earlier period, adjusted for the nonrecurring items that impacted the first quarter of both this year and last year.   · In the first quarter, net sales increased by 10% to SEK 78.8 billion (71.6). Adjusted for currency movements and acquired and divested units, net sales increased by 7%. · The first quarter operating income amounted

    Volvo Group – Report on the fourth quarter and full-year 2011

    The Volvo Group’s strong trend continued during the fourth quarter of 2011. Sales rose in all regions, profitability improved and cash flow was strong.  · In the fourth quarter net sales increased by 18% to SEK 86.5 billion (73.4). Adjusted for currency movements and acquired and divested units, sales increased by 20%. For the full year net sales increased by 17% to SEK 310.4 billion (264.7).  · The fourth quarter operating income amounted to SEK 6,955 M (5,518). Compared to the fourth quarter of 2010 changes in exchange rates had a negative impact of SEK 425 M. The full-year

    Volvo Group – report on the third quarter 2011

    During the third quarter of 2011, demand remained favorable in most of the Volvo Group’s markets. Sales rose to SEK 73.3 billion. Operating income improved to SEK 5.8 billion, compared with SEK 4.9 billion in the year-earlier period, corresponding to an operating margin of 7.9% (7.7). Operating cash flow in the industrial operations amounted to SEK 2.2 billion. ·In the third quarter, net sales increased by 15% to SEK 73.3 billion (64.0). Adjusted for currency movements and acquired and divested units, sales increased by 22%.  ·The third quarter operating income amounted to SEK

    New number of votes in AB Volvo

    The number of votes in AB Volvo has changed due to the conversion of a total of 3,013,228 Series A shares to a total of 3,013,228 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.Today, September 30, the last trading day of the month, there are a total of 2,128,420,220 shares in AB Volvo. Of these 663,527,946 are Series A shares and 1,464,892,274 Series B shares. The number of votes in

    Volvo Group – report on the second quarter 2011

    During the second quarter, the Volvo Group’s sales continued to grow as an effect of a continued recovery in the Group’s mature markets and continued strong demand in emerging markets. Consolidated sales grew 15% compared with the second quarter of 2010 and amounted to SEK 79 billion. Operating income amounted to SEK 7.6 billion with an operating margin of 9.7%. · In the second quarter, net sales increased by 15% to SEK 79 billion compared to SEK 69 billion in the preceding year. Adjusted for currency movements and acquired and divested units, sales increased by 29%. · The second

    New number of votes in AB Volvo

    The number of votes in AB Volvo has changed due to the conversion of a total of 3,232,011 Series A shares to a total of 3,232,011 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.Today, Thursday June 30, the last trading day of the month, there are a total of 2,128,420,220 shares in AB Volvo. Of these, 672,621,374 are Series A shares and 1,455,798,846 Series B shares. The number of

    Olof Persson appointed new Volvo CEO

    The Board of Directors of AB Volvo has decided to appoint Olof Persson, 46, currently President of Volvo Construction Equipment, as the new President and Chief Executive Officer of Volvo.   Olof Persson will assume the position as President of AB Volvo and CEO of the Volvo Group on September 1 this year when Leif Johansson, as announced previously, retires. As of May 1, Olof Persson will become Executive Vice President and deputy CEO and work parallel with Leif Johansson.   “During his time at Volvo Aero and Volvo Construction Equipment, Olof Persson has gained the right experience and

    Volvo Group – Report on the fourth quarter and full-year 2010

    During the fourth quarter of 2010, the Volvo Group continued to grow at a good pace with higher sales in all regions, improved profitability and a very strong cash flow. Year-on-year sales were up 23% to SEK 73.4 billion. Operating income improved to SEK 5.5 billion and the operating cash flow from Industrial operations amounted to SEK 15.1 billion. As a result of improved profitability and strong cash flow, net debt in the Industrial operations is now down to 37% of shareholders’ equity, which is in accordance with our objective. · In the fourth quarter, net sales increased by 23% to

    Volvo Group – nine months ended September 30, 2010

    In the third quarter of 2010, the Volvo Group’s sales increased by 32% to SEK 64 billion. Sales rose in all of the Group’s markets. Meanwhile, profitability continued to improve as a consequence of higher sales volumes, strict control over costs, and increased capacity utilization and a favorable productivity trend in the industrial systems. Operating income rose to SEK 4.9 billion and the Group reached an operating margin of 7.7%. The operating income as well as the operating margin is the highest to date for a third quarter.  · In the third quarter, net sales increased by 32% to SEK

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