See more : Adcon Capital Services Limited (ADCON.BO) Income Statement Analysis – Financial Results
Complete financial analysis of AB Volvo (publ) (VOLVF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of AB Volvo (publ), a leading company in the Agricultural – Machinery industry within the Industrials sector.
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AB Volvo (publ) (VOLVF)
About AB Volvo (publ)
AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The company offers trucks for long-haulage, construction, mining, and distribution purposes under the Volvo, UD Trucks, Renault Trucks, Mack, Eicher, Arquus, cellcentric, and Dongfeng Trucks brands; and city and intercity buses, coaches, and bus chassis, as well as associated transport systems under the Prevost and Nova Bus brands. It also provides construction equipment, including excavators, articulated and rigid haulers, wheel loaders, road construction machines, pavers, and compactors under the brand names of Volvo, and SDLG Trucks. In addition, the company offers engines and power solutions for leisure and commercial vessels, as well as for power generation, industrial, and off-road applications under the Volvo Penta brand name. Further, it provides financing, insurance, rental, spare parts, repair, preventive maintenance, service agreement, and assistance services. The company offers its products and services through a network of dealerships and workshops. It has a strategic alliance with Isuzu Motors within commercial vehicles; a partnership with Samsung SDI Co to develop battery packs for its trucks; and an agreement with NVIDIA and Aurora to develop autonomous trucks. AB Volvo (publ) was incorporated in 1915 and is headquartered in Gothenburg, Sweden.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 552.76B | 473.48B | 372.22B | 338.45B | 431.98B | 390.83B | 334.75B | 301.91B | 312.52B | 282.95B | 272.62B | 303.65B | 310.37B | 264.75B | 218.36B | 303.67B | 285.41B | 258.09B | 240.39B | 211.80B | 183.13B | 186.59B | 189.20B | 131.01B | 124.90B | 213.10B | 184.54B | 155.96B | 169.93B | 116.22B | 111.18B | 82.92B | 77.76B | 82.79B | 90.30B | 96.89B | 92.86B |
| Cost of Revenue | 403.44B | 361.74B | 282.46B | 259.32B | 326.90B | 303.48B | 254.58B | 231.60B | 240.65B | 220.01B | 212.50B | 235.09B | 235.10B | 201.80B | 186.17B | 237.58B | 219.60B | 198.48B | 186.53B | 165.03B | 146.75B | 151.89B | 155.52B | 99.02B | 94.09B | 154.37B | 139.45B | 126.00B | 131.47B | 88.64B | 86.66B | 70.45B | 65.13B | 68.43B | 71.79B | 77.31B | 74.74B |
| Gross Profit | 149.32B | 111.74B | 89.75B | 79.13B | 105.09B | 87.36B | 80.17B | 70.31B | 71.86B | 62.94B | 60.12B | 68.56B | 75.26B | 62.95B | 32.19B | 66.09B | 65.81B | 59.61B | 53.86B | 46.76B | 36.38B | 34.70B | 33.68B | 31.99B | 30.80B | 58.73B | 45.09B | 29.96B | 38.46B | 27.58B | 24.51B | 12.47B | 12.63B | 14.36B | 18.51B | 19.58B | 18.12B |
| Gross Profit Ratio | 27.01% | 23.60% | 24.11% | 23.38% | 24.33% | 22.35% | 23.95% | 23.29% | 22.99% | 22.24% | 22.05% | 22.58% | 24.25% | 23.78% | 14.74% | 21.76% | 23.06% | 23.10% | 22.40% | 22.08% | 19.86% | 18.60% | 17.80% | 24.42% | 24.66% | 27.56% | 24.43% | 19.21% | 22.63% | 23.73% | 22.05% | 15.03% | 16.25% | 17.35% | 20.49% | 20.21% | 19.52% |
| Research & Development | 26.65B | 22.53B | 18.03B | 16.80B | 18.54B | 15.90B | 16.10B | 14.63B | 15.37B | 16.66B | 15.12B | 14.79B | 13.28B | 12.97B | 13.19B | 14.35B | 11.06B | 8.33B | 7.55B | 7.28B | 6.82B | 5.88B | 5.39B | 4.91B | 4.52B | 10.11B | 8.70B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 7.36B | 5.88B | 4.87B | 4.62B | 5.90B | 5.80B | 5.64B | 5.12B | 5.77B | 5.41B | 5.86B | 5.67B | 7.13B | 5.67B | 5.86B | 6.94B | 7.13B | 27.68B | 27.06B | 24.75B | 22.31B | 22.31B | 22.46B | 15.23B | 14.56B | 27.15B | 24.30B | 20.91B | 23.92B | 17.11B | 19.19B | 12.03B | 11.00B | 11.19B | 11.21B | 10.23B | 9.42B |
| Selling & Marketing | 33.68B | 29.04B | 23.96B | 26.51B | 33.04B | 30.89B | 28.58B | 26.87B | 27.69B | 27.45B | 28.51B | 28.25B | 26.00B | 24.15B | 25.33B | 27.13B | 26.07B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 41.03B | 34.92B | 28.83B | 31.13B | 38.94B | 36.69B | 34.22B | 31.99B | 33.46B | 32.86B | 34.37B | 33.92B | 33.13B | 29.82B | 31.20B | 34.07B | 33.20B | 27.68B | 27.06B | 24.75B | 22.31B | 22.31B | 22.46B | 15.23B | 14.56B | 27.15B | 24.30B | 20.91B | 23.92B | 17.11B | 19.19B | 12.03B | 11.00B | 11.19B | 11.21B | 10.23B | 9.42B |
| Other Expenses | 14.86B | 4.64B | 779.00M | 2.07B | 978.00M | 1.56B | 1.12B | 699.00M | 2.65B | 1.73B | 1.42B | 1.06B | 297.00M | 213.00M | -392.00M | -1.08B | -504.00M | -3.49B | -373.35M | 432.74M | -4.14B | -2.96B | -2.83B | 6.29B | 5.17B | 9.63B | 6.83B | 5.35B | 5.60B | 3.81B | 3.78B | 2.68B | 2.81B | 2.61B | 2.52B | 2.30B | 2.22B |
| Operating Expenses | 82.54B | 62.09B | 47.64B | 50.00B | 58.46B | 54.15B | 51.44B | 47.32B | 51.48B | 51.24B | 50.91B | 49.77B | 48.36B | 44.95B | 49.21B | 50.33B | 44.26B | 39.27B | 35.72B | 32.47B | 33.88B | 31.86B | 30.49B | 26.43B | 24.26B | 46.90B | 39.83B | 26.26B | 29.52B | 20.92B | 22.97B | 14.71B | 13.81B | 13.80B | 13.72B | 12.53B | 11.64B |
| Cost & Expenses | 485.98B | 423.83B | 330.10B | 309.31B | 385.35B | 357.63B | 306.02B | 278.92B | 292.13B | 271.25B | 263.41B | 284.85B | 283.47B | 246.75B | 235.38B | 287.91B | 263.86B | 237.75B | 222.26B | 197.50B | 180.62B | 183.75B | 186.01B | 125.44B | 118.35B | 201.27B | 179.28B | 152.26B | 160.99B | 109.55B | 109.63B | 85.16B | 78.94B | 82.23B | 85.51B | 89.84B | 86.37B |
| Interest Income | 2.69B | 1.01B | 358.00M | 299.00M | 320.00M | 199.00M | 164.00M | 240.00M | 257.00M | 328.00M | 381.00M | 510.00M | 608.00M | 442.00M | 390.00M | 1.17B | 952.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 1.17B | 1.21B | 1.17B | 1.35B | 1.67B | 1.66B | 1.85B | 1.85B | 2.37B | 1.99B | 2.81B | 2.48B | 2.88B | 3.14B | 3.56B | 1.94B | 1.12B | 150.25M | 190.65M | 1.68B | 876.93M | 851.74M | 8.83B | 0.00 | 0.00 | 246.55M | 0.00 | 0.00 | 0.00 | 0.00 | 4.55B | 1.06B | 0.00 | 850.05M | 0.00 | 1.20B | 954.51M |
| Depreciation & Amortization | 21.23B | 20.73B | 18.72B | 17.78B | 16.96B | 15.14B | 14.41B | 13.71B | 16.81B | 15.93B | 15.31B | 14.76B | 13.99B | 13.79B | 15.23B | 13.52B | 12.47B | 12.35B | 9.89B | 10.37B | 10.16B | 10.86B | 9.95B | 6.29B | 5.17B | 9.63B | 6.83B | 5.35B | 5.60B | 3.81B | 3.78B | 2.68B | 2.81B | 2.61B | 2.52B | 2.30B | 2.22B |
| EBITDA | 89.12B | 67.01B | 63.08B | 47.87B | 69.09B | 52.25B | 46.33B | 37.84B | 39.59B | 23.01B | 24.95B | 32.92B | 41.80B | 32.45B | -1.79B | 29.47B | 35.15B | 32.69B | 28.03B | 24.67B | 12.66B | 13.71B | 16.99B | 11.86B | 11.72B | 21.47B | 12.09B | 9.05B | 14.55B | 10.47B | 5.33B | 436.93M | 1.63B | 3.17B | 7.30B | 9.34B | 8.71B |
| EBITDA Ratio | 16.12% | 14.73% | 16.41% | 15.26% | 16.03% | 13.70% | 14.00% | 13.21% | 13.30% | 9.86% | 9.09% | 11.09% | 13.47% | 12.26% | -0.82% | 9.70% | 12.32% | 12.66% | 11.66% | 11.65% | 6.91% | 7.35% | 8.98% | 9.05% | 9.38% | 10.07% | 6.55% | 5.81% | 8.56% | 9.01% | 4.79% | 0.53% | 2.10% | 3.83% | 8.08% | 9.64% | 9.38% |
| Operating Income | 66.78B | 45.71B | 43.07B | 27.48B | 49.53B | 34.48B | 30.33B | 20.83B | 23.32B | 5.82B | 7.14B | 17.62B | 27.80B | 18.66B | -17.01B | 15.95B | 22.68B | 20.34B | 18.14B | 14.29B | 2.50B | 2.84B | 7.04B | 5.56B | 6.55B | 11.83B | 5.26B | 3.71B | 8.94B | 6.66B | 1.55B | -2.25B | -1.18B | 564.08M | 4.78B | 7.05B | 6.49B |
| Operating Income Ratio | 12.08% | 9.65% | 11.57% | 8.12% | 11.47% | 8.82% | 9.06% | 6.90% | 7.46% | 2.06% | 2.62% | 5.80% | 8.96% | 7.05% | -7.79% | 5.25% | 7.95% | 7.88% | 7.54% | 6.75% | 1.37% | 1.52% | 3.72% | 4.25% | 5.24% | 5.55% | 2.85% | 2.38% | 5.26% | 5.73% | 1.39% | -2.71% | -1.51% | 0.68% | 5.30% | 7.27% | 6.98% |
| Total Other Income/Expenses | -58.00M | -635.00M | 116.00M | -1.57B | -2.70B | -371.00M | -2.07B | -2.01B | -2.90B | -6.40B | -4.37B | -2.57B | -2.88B | -2.49B | -3.56B | -1.94B | -1.12B | -95.61M | -142.99M | -1.65B | -876.93M | -851.74M | -4.98B | 702.50M | 27.91B | -235.19M | 7.87B | 10.59B | 3.94B | 5.28B | -4.55B | -1.06B | 3.03B | -850.05M | 2.08B | -1.20B | -954.51M |
| Income Before Tax | 66.73B | 45.08B | 43.19B | 25.92B | 46.83B | 32.15B | 28.25B | 19.23B | 20.42B | 5.09B | 4.72B | 15.36B | 24.93B | 15.51B | -20.57B | 14.01B | 21.56B | 20.24B | 18.00B | 12.66B | 1.62B | 1.99B | -1.79B | 6.27B | 34.46B | 11.59B | 13.13B | 14.29B | 12.88B | 11.94B | -3.00B | -3.31B | 1.85B | -285.97M | 6.86B | 5.84B | 5.53B |
| Income Before Tax Ratio | 12.07% | 9.52% | 11.60% | 7.66% | 10.84% | 8.23% | 8.44% | 6.37% | 6.53% | 1.80% | 1.73% | 5.06% | 8.03% | 5.86% | -9.42% | 4.61% | 7.55% | 7.84% | 7.49% | 5.98% | 0.89% | 1.07% | -0.95% | 4.78% | 27.59% | 5.44% | 7.11% | 9.16% | 7.58% | 10.27% | -2.70% | -3.99% | 2.38% | -0.35% | 7.60% | 6.03% | 5.96% |
| Income Tax Expense | 16.79B | 12.11B | 9.95B | 5.84B | 10.34B | 6.79B | 6.97B | 6.01B | 5.32B | 2.85B | 919.00M | 4.10B | 6.81B | 4.30B | -5.89B | 3.99B | 6.53B | 3.97B | 4.90B | 3.20B | 1.33B | 591.01M | -324.81M | 1.52B | 2.27B | 2.94B | 2.72B | 1.82B | 3.71B | 2.07B | 468.43M | 7.78M | 434.10M | 729.50M | 2.11B | 2.51B | 2.23B |
| Net Income | 49.83B | 32.72B | 32.79B | 19.32B | 35.86B | 24.90B | 20.48B | 13.15B | 15.06B | 2.10B | 3.58B | 11.16B | 17.75B | 10.87B | -14.72B | 9.94B | 14.93B | 16.22B | 13.04B | 9.93B | 294.70M | 1.40B | -1.47B | 4.75B | 32.19B | 8.65B | 10.41B | 12.47B | 9.18B | 9.86B | -3.47B | -3.32B | 1.42B | -1.02B | 4.75B | 3.34B | 3.30B |
| Net Income Ratio | 9.01% | 6.91% | 8.81% | 5.71% | 8.30% | 6.37% | 6.12% | 4.35% | 4.82% | 0.74% | 1.31% | 3.68% | 5.72% | 4.10% | -6.74% | 3.27% | 5.23% | 6.28% | 5.43% | 4.69% | 0.16% | 0.75% | -0.78% | 3.62% | 25.78% | 4.06% | 5.64% | 7.99% | 5.40% | 8.49% | -3.12% | -4.00% | 1.82% | -1.23% | 5.26% | 3.45% | 3.56% |
| EPS | 24.50 | 16.09 | 16.12 | 9.50 | 17.64 | 12.25 | 10.08 | 6.47 | 7.42 | 1.03 | 1.77 | 5.61 | 8.76 | 5.36 | -7.26 | 4.90 | 7.37 | 8.02 | 6.43 | 4.72 | 0.14 | 0.66 | -0.70 | 2.25 | 14.99 | 3.93 | 4.61 | 5.38 | 4.00 | 4.74 | -1.78 | -1.71 | 0.36 | -0.52 | 2.76 | 1.72 | 1.70 |
| EPS Diluted | 24.51 | 16.09 | 16.12 | 9.50 | 17.64 | 12.25 | 10.07 | 6.47 | 7.41 | 1.03 | 1.76 | 5.61 | 8.75 | 5.36 | -7.26 | 4.90 | 7.37 | 8.02 | 6.42 | 4.72 | 0.14 | 0.66 | -0.69 | 2.25 | 14.99 | 3.93 | 4.61 | 5.38 | 4.00 | 4.74 | -1.78 | -1.71 | 0.36 | -0.52 | 2.76 | 1.72 | 1.70 |
| Weighted Avg Shares Out | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.02B | 2.03B | 2.10B | 2.11B | 2.13B | 2.10B | 2.11B | 2.21B | 2.20B | 2.26B | 2.32B | 2.29B | 2.08B | 1.94B | 1.94B | 1.94B | 1.94B | 1.72B | 1.94B | 1.94B |
| Weighted Avg Shares Out (Dil) | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.03B | 2.02B | 2.03B | 2.11B | 2.11B | 2.13B | 2.12B | 2.11B | 2.21B | 2.20B | 2.26B | 2.32B | 2.29B | 2.08B | 1.94B | 1.94B | 1.94B | 1.94B | 1.72B | 1.94B | 1.94B |
Volvo Cars November sales up 5% in November
Volvo Cars' sales rose 5% year-on-year in November to 66,977 cars, primarily driven by its sales in Europe and the United States, the Sweden-based automaker said on Wednesday.
Volvo Trucks scores five stars in independent safety test
GOTHENBURG, Sweden , Nov. 20, 2024 /PRNewswire/ -- The European consumer test organization Euro NCAP has for the first time ever assessed the safety of heavy-duty trucks. Volvo's best-selling models, the Volvo FH and the Volvo FM, both received the top...
Volvo Group Capital Markets Day - Gearing up for growth
GOTHENBURG, Sweden , Nov. 14, 2024 /PRNewswire/ -- Today, November 14, 2024, the Volvo Group held its Capital Markets Day at the Volvo Trucks Customer Center in New River Valley, Virginia, USA. At the event, President and CEO Martin Lundstedt together...
Sweden looks to Brussels after China talks on Volvo EV tariff deal
Sweden hopes the European Union and China can reach a pricing deal on electric vehicles soon, its foreign trade minister told Reuters at the end of a visit to China to try to limit the damage to Volvo of a...
Scaling grid innovation: Volvo Penta follow-on investment in UtilityInnovation Group
GOTHENBURG, Sweden , Nov. 7, 2024 /PRNewswire/ -- Volvo Penta announced a follow-on investment in UtilityInnovation Group (UIG), a USA and Ireland based company specializing in resilient, innovative utility systems and decentralized energy solutions. This strategic investment marks a continued commitment...
Volvo Cars October sales rise 3% year-on-year
Volvo Cars' sales rose 3% year-on-year in October to 61,686 cars, the Sweden-based automaker said on Monday.
Volvo and Polestar EVs Get Tesla Supercharger Access Next Month
The Swedish premium automakers will begin offering NACS adapters for their 2025 model year electric SUVs starting on Nov. 18.
Volvo Cars says to acquire Northvolt's shares in battery JV
Volvo Cars said on Wednesday it will invoke its right to acquire Northvolt's shares in their battery joint venture, NOVO Energy, after Northvolt failed to meet its financing obligations.
Volvo: Why I Am Mostly Out Of This Industrial, And Have Been For Some Time
Volvo AB, a leading truck and machinery manufacturer, is currently overvalued at 270 SEK/share, making it a "Hold" with a target price of 255 SEK/share. VLVLY has strong fundamentals, an excellent credit rating, and significant upside potential if bought at...
Volvo Cars slashes outlook citing ‘increasingly volatile environment'
Volvo Cars CEO Jim Rowan said the company is facing slower demand in Europe, the U.S. and China.
Source: https://incomestatements.info
Category: Stock Reports