Volvo Group - the first quarter 2024
Volvo Group - the first quarter 2024 |
[17-April-2024] |
GOTHENBURG, Sweden, April 17, 2024 /PRNewswire/ -- "During Q1 2024, demand continued to normalize at good levels across many of the Volvo Group's markets. Adjusted for currency, net sales were on the same level as in Q1 2023 and amounted to SEK 131.2 billion. Invoiced price continued to increase, mainly on the back of carry-over from the price increases we gradually implemented last year. Adjusted operating income amounted to SEK 18.2 billion (18.6), which corresponds to a margin of 13.8% (14.0). Return on capital employed improved to 37.7% (30.3). We continue to prioritize quality in the business," says Martin Lundstedt, President and CEO.
Press and Analyst Conference Call More information, including an interview with CEO Martin Lundstedt, is soon available on https://www.volvogroup.com/en/investors.html. April 17, 2024 Aktiebolaget Volvo (publ) 556012-5790 Investor Relations Contact Media Relations: Contacts Investor Relations: This information is information that AB Volvo (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 07.20 CEST on April 17, 2024. For more information, please visit volvogroup.com For frequent updates, follow us on Twitter: @volvogroup 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 2023, net sales amounted to SEK 553 billion (EUR 48 billion). Volvo shares are listed on Nasdaq Stockholm. This information was brought to you by Cision http://news.cision.com https://news.cision.com/ab-volvo/r/volvo-group---the-first-quarter-2024,c3962631 The following files are available for download:
View original content:https://www.prnewswire.com/news-releases/volvo-group--the-first-quarter-2024-302119015.html SOURCE AB Volvo | ||||||||
Company Codes: RICS:VOLVA.ST, RICS:VOLVB.ST, ISIN:SE0000115420, ISIN:SE0000115446, Stockholm:VOLVA, OTC-PINK:VLVLY, Stockholm:VOLVB |