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Volvo AB - VLVLY STOCK NEWS

Welcome to our dedicated news page for Volvo AB (Ticker: VLVLY), a resource for investors and traders seeking the latest updates and insights on Volvo AB.

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 AB'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 AB's position in the market.

News
Rhea-AI Summary
AB Volvo announces a change in the number of votes due to the conversion of Series A shares to Series B shares, resulting in a total of 2,033,452,084 registered shares with 603,831,402.4 votes. The company emphasizes its commitment to sustainable transport solutions and reports net sales of SEK 553 billion in 2023.
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Rhea-AI Summary
Volvo Group's Annual Report for 2023 highlights a year of growth, profitability, and cash flow despite challenges like supply chain disruptions and cost inflation. Net sales increased by 11% to SEK 552.8 billion, with operating income improving to SEK 77.6 billion. Sales in vehicles, machines, and services reached all-time highs, with a strong operating margin of 14.0%.
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-0.11%
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Rhea-AI Summary
Volvo Group Venture Capital AB invests in Zacua Ventures Builders Fund I, L.P., a global venture capital fund focusing on early-stage technology for the construction industry. Zacua Ventures targets startups working on decarbonization through productivity, sustainability, and urbanization. The partnership aims to connect with innovative solutions for a more efficient and sustainable construction sector.
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End-of-Day
-0.11%
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News
Rhea-AI Summary
AB Volvo announces its Annual General Meeting to be held on March 27, 2024, in Gothenburg, Sweden. Shareholders can participate in person or through advance voting. The meeting agenda includes key topics like election of board members, approval of financial reports, and dividend payments.
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End-of-Day
0.8%
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AB Volvo's Election Committee proposes Pär Boman as the new Chairman of the Board and re-election of several Board members at the upcoming Annual General Meeting. The company's focus on sustainable transport and infrastructure solutions is highlighted.
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Rhea-AI Sentiment
End-of-Day
2.64%
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management
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Rhea-AI Summary
The Volvo Group has completed the acquisition of the battery business from Proterra Inc. and Proterra Operating Company Inc. for USD 210M, including a development center in California and an assembly factory in South Carolina. The transaction has no material impact on the Volvo Group's financial performance.
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End-of-Day
2.13%
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acquisition
Rhea-AI Summary
Volvo Trucks unveils new energy-efficient heavy-duty truck platforms for global markets, aiming to reduce CO2 emissions and achieve net-zero emission product range by 2040. The new models promise up to 10% fuel consumption reduction in North America and up to 5% CO2 emission reduction in Europe, Australia, Asia, and Africa. The company also expands its electric truck offerings and commits to decarbonization through various powertrain solutions.
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-1.99%
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Rhea-AI Summary
In 2023, AB Volvo (VLVLY) reported a significant increase in net sales to SEK 553 billion, with an adjusted operating income of SEK 77.6 billion and an adjusted operating margin of 14.0%. Return on capital employed in the Industrial Operations increased to 36.7%. The company ended the year with a net cash position of SEK 83.4 billion. The Board of Directors proposed an ordinary dividend of SEK 7.50 per share and an extra dividend of SEK 10.50 per share. In Q4 2023, net sales increased by 10% to SEK 148.1 billion, with an adjusted operating margin of 12.4%. Operating cash flow in the Industrial Operations amounted to SEK 22,655 M. Full-year net sales were SEK 552.8 billion, with an adjusted operating income of SEK 77,638 M and an adjusted operating margin of 14.0%. The company also reported a strong operating cash flow of SEK 45,821 M. The press release also provides details for the upcoming investor relations webcast and contact information.
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0.88%
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Volvo Group has signed an option agreement with John Cockerill Defense to sell Arquus after staff consultations, impacting operating income by approximately SEK 900 M in Q4 2023.
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Volvo Group (VOLV-B.ST) is accelerating hydrogen research with PhD scholarships for the internal combustion engine, aiming to reach net-zero greenhouse gas emission-enabled products, solutions, and services by 2040. The company is investing heavily in the field of hydrogen as a renewable fuel for combustion engines and fuel cell applications, alongside battery-electric solutions.
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0.62%
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Volvo AB

OTC:VLVLY

VLVLY Rankings

VLVLY Stock Data

60.90B
1.86B
0.03%
Heavy Duty Truck Manufacturing
Manufacturing
Link
Sweden
Goteborg