Annual General Meeting of AB Volvo

Rhea-AI Summary

AB Volvo held its Annual General Meeting on April 2, 2025, in Gothenburg, Sweden. The company approved a total dividend of SEK 18.50 per share, consisting of an ordinary dividend of SEK 8.00 and an extraordinary dividend of SEK 10.50, with April 4, 2025, as the record date.

The meeting re-elected all Board members and Pär Boman as Chairman. Deloitte AB was re-appointed as auditor until 2026. The Board's remuneration was set with the Chairman receiving SEK 4,265,000 and other members SEK 1,280,000 each, plus additional compensation for committee roles.

The company reported net sales of SEK 527 billion (EUR 46 billion) for 2024, employing over 100,000 people and serving customers in nearly 190 markets.

Positive

• Approved significant dividend payment of SEK 18.50 per share, including extraordinary dividend
• Strong market presence with operations in 190 markets
• Substantial annual revenue of SEK 527 billion in 2024

Negative

• None.

GOTHENBURG, Sweden, April 2, 2025 /PRNewswire/ -- AB Volvo held its Annual General Meeting on April 2, 2025. The Meeting was held at Konserthuset in Göteborg, Sweden, with the option for shareholders to exercise their voting rights by advance voting (postal voting). Presentations by the Chairman of the Board and the President and CEO describing the work of the Board and the Volvo Group's operations are available on AB Volvo's website www.volvogroup.com. 

The Annual General Meeting adopted the income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet. In accordance with the Board's proposal, the Meeting resolved that an ordinary dividend of SEK 8.00 per share and an extraordinary dividend of SEK 10.50 per share should be paid to the shareholders. April 4, 2025 was decided as the record date for the right to receive dividends.

The Board Members, Board Deputies and the President and CEO were discharged from liability for their administration during the 2024 fiscal year.

Matti Alahuhta, Bo Annvik, Pär Boman, Jan Carlson, Eric Elzvik, Martha Finn Brooks, Kurt Jofs, Martin Lundstedt, Kathryn V. Marinello, Martina Merz and Helena Stjernholm were re-elected as members of the Board. Pär Boman was re-elected as Chairman of the Board.

Individual fees payable to the members of the Board, with the exception of the President and CEO as well as possible employee representatives, were adopted as follows. The Chairman of the Board was awarded SEK 4,265,000 and each of the other members SEK 1,280,000. Further, the Chairman of the Audit Committee was awarded SEK 648,000, the other members of the Audit Committee SEK 351,000 each and the Chairman of the Remuneration Committee was awarded SEK 182,000 and the other members of the Remuneration Committee SEK 135,000 each. In addition, the Chairman of the Transformation Committee was awarded SEK 334,000 and the other members of the Transformation Committee SEK 219,000 each.

The auditing firm Deloitte AB was re-elected as auditor for the period until the close of the Annual General Meeting 2026, in accordance with the Election Committee's proposal and the Board's and the Audit Committee's recommendation.

Fredrik Persson (AB Industrivärden), Anders Oscarsson (AMF and AMF Funds), Carina Silberg (Alecta), Anders Algotsson (AFA Insurance) and the Chairman of the Board were elected members of the Election Committee. The Meeting resolved that no fees shall be paid to the members of the Election Committee.

The Annual General Meeting approved the Board's remuneration report.

The Annual General Meeting resolved to not approve shareholder Carl Axel Bruno's proposal.

Minutes from the Meeting including complete resolutions will be available on AB Volvo's website www.volvogroup.com.

April 2, 2025

Link to high-resolution images

Journalists wanting further information, please contact:
Claes Eliasson, Head of Media Relations
+46 76 553 7229
press@volvo.com

For more information, please visit volvogroup.com 
For frequent updates, follow us on LinkedIn

The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers' uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 100,000 people and serves customers in almost 190 markets. In 2024, net sales amounted to SEK 527 billion (EUR 46 billion). Volvo shares are listed on Nasdaq Stockholm.

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https://news.cision.com/ab-volvo/r/annual-general-meeting-of-ab-volvo,c4130113

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https://mb.cision.com/Main/39/4130113/3364481.pdf	Press Release - Annual General Meeting of AB Volvo
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SOURCE AB Volvo

FAQ

What is the total dividend payment announced by Volvo (VLVLY) for 2025?

Volvo announced a total dividend of SEK 18.50 per share, comprising SEK 8.00 ordinary dividend and SEK 10.50 extraordinary dividend, payable to shareholders of record as of April 4, 2025.

How much did Volvo (VLVLY) report in net sales for 2024?

Volvo reported net sales of SEK 527 billion (EUR 46 billion) for the fiscal year 2024.

What is the compensation structure for Volvo's (VLVLY) Board Chairman in 2025?

The Board Chairman will receive SEK 4,265,000, plus additional fees for committee roles including SEK 182,000 for Remuneration Committee chairmanship if applicable.

When will Volvo's (VLVLY) current auditor tenure end?

Deloitte AB was re-elected as Volvo's auditor until the close of the Annual General Meeting 2026.