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VOLVO CAR AB U/ADR - $VLVCY STOCK NEWS

Welcome to our dedicated page for VOLVO CAR AB U/ADR news (Ticker: $VLVCY), a resource for investors and traders seeking the latest updates and insights on VOLVO CAR AB U/ADR stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect VOLVO CAR AB U/ADR's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of VOLVO CAR AB U/ADR's position in the market.

News
Volvo Cars reports 8 per cent increase in Q1 2024 core operating profit to SEK 6.8 billion
Rhea-AI Summary
Volvo Cars reports an 8% increase in Q1 2024 core operating profit to SEK 6.8 billion, with revenue at SEK 93.9 billion. The company achieved a 12% rise in retail sales and set new sales records in various markets. The EV sales share increased to 21%, with impressive gross margins on EVs. Volvo Cars expects strong demand and aims for at least 15% sales growth in 2024, focusing on profitable growth and cost efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.21%
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earnings
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Volvo Car AB (publ.) publishes Annual and Sustainability Report 2023
Rhea-AI Summary
Volvo Car AB (publ.) had a remarkable year in 2023, achieving record-breaking sales, revenues, and operating profit. The Annual and Sustainability Report highlights strategic priorities and ambitions, emphasizing sustainability. With a new sales record of 708,716 cars, revenues increased by 21% to SEK 399.3 billion. Operating profit rose by 43% to SEK 25.6 billion, with an operating margin of 6.4%. Volvo Cars sold 113,419 fully electric cars, a 70% increase from 2022, capturing a 16% global market share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.98%
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none
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Volvo Cars 2023 profit increases by 43 percent to deliver a record year in the company's 97-year history
Rhea-AI Summary
Volvo Cars reported a record-breaking year in 2023 with the highest full-year retail sales, revenues, and operating profit in its 97-year history. The company's 2023 revenue was SEK 399.3 billion, representing a 21% increase from 2022. Operating income also saw significant growth, reaching SEK 25.6 billion, a 43% increase from the previous year. Volvo Cars' focus on developing its electrified product portfolio has resulted in an increase in fully electric car sales, accounting for 16% of its total global sales volume. The company is set to continue its transformation towards becoming a fully electric car maker by 2030, with the introduction of new electric models such as the EX30 small SUV, EX90 flagship SUV, and EM90 MPV.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
30.69%
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none
News
Volvo Cars welcomes Polestar';s strengthened business plan
Rhea-AI Summary
Volvo Cars (VOLV-B.ST) welcomes Polestar's strengthened business plan aiming for growth and profitability, indicating gross margins in the high teens by 2025 and a cash flow break-even point in the same year. Volvo Cars will provide financial support to Polestar through an extension in the maturity of an existing term loan and an increase in the existing facility by USD 200 million. Geely Holding will also provide financial support to Polestar via a USD 250 million new loan.
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Volvo Cars Q3 results: momentum continues while performing and transforming
Rhea-AI Summary
Volvo Cars reports a 75% increase in Q3 operating profits, with strong sales and revenue growth. Q3 revenue was SEK 92 bn, operating income was SEK 6.1 bn, and EBIT margin was 6.7%. The company saw double-digit growth in retail sales and a 13% share of fully electric car sales. Volvo Cars plans to become a fully electric car company by 2030.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.71%
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none
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Volvo Cars Q1 Results: Stable start to 2023, as company continues delivering on ongoing transformation with improved earnings
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Volvo Car AB (publ.) publishes Annual and Sustainability Report 2022
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Volvo Cars reports full-year 2022 results - accelerating strategic journey and navigating challenges
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AI software company Zenseact launches a new generation of safety technology in the Volvo EX90.
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Manufacturing industry transformed by AI, IoT and analytics
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-0.59%
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VOLVO CAR AB U/ADR

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VLVCY Stock Data

11.77B
572.13M
Automobile Manufacturing
Manufacturing
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United States of America
Goteborg