View ValuationAB Volvo 향후 성장Future 기준 점검 3/6AB Volvo (는) 각각 연간 14.2% 및 5.5% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 13.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 24.9% 로 예상됩니다.핵심 정보14.2%이익 성장률13.43%EPS 성장률Machinery 이익 성장23.9%매출 성장률5.5%향후 자기자본이익률24.87%애널리스트 커버리지Good마지막 업데이트07 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • May 13Volvo Trucks Launches All-New Combustion Engine PlatformVolvo Trucks announced most fuel-efficient engines ever are here - two all-new 13-liter engines ready for renewable diesel and gas fuel types, including future hydrogen applications. Both are based on Volvo's latest in-house developed engine platform. Volvo Trucks launches an all-new engine platform made for a range of alternative fuels. The combustion engine continues to play an important role in Volvo Truck's driveline strategy and its new engines offer an attractive combination of more power, lower fuel consumption, lower emissions, lower noise and improved drivability. The new engine can deliver up to 4% lower fuel consumption versus the engine it is replacing, when using the benefits of the new engine in combination with Volvo Trucks' latest fuel-saving innovations that will now become available to more customers. Volvo Trucks has developed new engines that will cater for a wide variety of needs and conditions and the new engines will also meet or exceed the requirements of new legislation such as emission and noise levels. With a constant focus on improving fuel efficiency, Volvo Trucks has developed one of the most fuel-efficient engine generations available on the market. Launched in early 2024, the Volvo Aero range cuts fuel consumption by up to 5% compared with the previous model, while the all-new in-house developed engines will deliver further fuel savings of up to 4% across a wide range of applications and segments. The new platform comes with a refined engine brake functionality for increased drivability, new cylinder and turbo designs as well as an updated version of Volvo's appreciated I-Shift transmission. Both the diesel and gas versions will also offer significantly higher torque levels. Many variants of the diesel version of the new engine are compatible with Volvo Trucks' I-Roll with engine stop/start functionality, which means that more customers can benefit from saving fuel and emissions by being able to turn off the engine and roll downhill. Volvo Trucks drives the transition towards fossil-free transport to reach its net-zero emissions target by 2040 using a three-path technology strategy. The approach is built on battery electric, fuel cell electric and combustion engines that run on renewable fuels like green hydrogen, biogas (bio-LNG), biodiesel, and HVO (hydrotreated vegetable oil). The new engine platform is ready for alternative fuels such as biodiesel/B100, HVO, biogas/bio-LNG and green hydrogen. The D13 engine will come with 380-560hp of power and 1,800-2,900Nm of torque. The G13 version has 420-500hp and 2,400-2,800Nm. The new Euro6 engines fulfil the new legal requirements NNR3 (New Noise Regulation Phase 3), and are built for legislation to come in the future. They will be offered in the Volvo FM, FMX, FH and FH Aero models. Sales will begin during the third quarter of 2026. The new engines will be launched step by step globally with the first markets being Europe, Morocco, Turkey and India, later followed by North and Latin America, Asia and Africa. The new engines will initially be produced in Skövde, Sweden and the trucks are assembled in Tuve, Sweden and Ghent, Belgium.공시 • Apr 09+ 1 more updateAB Volvo (Publ) Approves Ordinary DividendAB Volvo at its Annual General Meeting held on April 8, 2026 resolved, in accordance with the Board’s proposal, to pay an ordinary dividend of SEK 8.50 per share to shareholders. April 10, 2026 was decided as the record date for the right to receive the dividend.공시 • Apr 02Volvo Trucks Begins On-Road Testing of Hydrogen Combustion Engine TrucksVolvo is taking another step towards net-zero CO2 emissions transport by starting on-road trials of heavy trucks with combustion engines powered by hydrogen. Volvo's hydrogen-powered trucks will have industry-leading performance with higher energy efficiency, lower fuel consumption and increased engine power compared to conventional hydrogen combustion engine technology. This is due to High Pressure Direct Injection (HPDI), a technology where a small amount of ignition fuel is injected with high pressure to enable compression ignition before hydrogen is added. Volvo is already using this technology in its gas-powered trucks, with more than 10,000 units sold globally. Hydrogen combustion engine trucks will be especially suitable over longer distances and in regions where there is limited charging infrastructure or time for recharging of battery-electric trucks. Volvo trucks with combustion engines powered by green hydrogen have the potential to deliver net zero CO2 well-to-wheel when using renewable HVO as ignition fuel. They are categorized as 'Zero Emission Vehicles' (ZEV) under the agreed EU CO2 emission standards. Volvo's advanced hydrogen engine technology is derived from its diesel powertrain, delivering diesel-like performance while substantially cutting CO2 emissions. The hydrogen-powered combustion engine trucks will complement the company's offering of other alternatives, such as battery electric trucks, fuel cell electric trucks and trucks that run on renewable fuels, like biogas and HVO (Hydrotreated Vegetable Oil). Volvo Trucks' hydrogen-powered trucks will use the fuel-efficient HPDI (High Pressure Direct Injection) technology from Cespira. Hydrogen-powered Volvo trucks will have an operational range exceeding many customers' daily driving distance. Due to the low CO2 emissions from hydrogen combustion, these trucks are categorized as 'Zero Emission Vehicles' under the agreed EU CO2 emission standards. Hydrogen can also be used to power fuel cell electric trucks, where electricity is produced on board the truck. Fuel cell electric trucks do not emit any tailpipe emissions, only water vapor. Volvo plans to launch fuel cell electric trucks in low volumes before 2030. Volvo Trucks' three-path strategy to reach net-zero emissions consists of battery-electric, fuel-cell electric, and combustion engines using renewable fuels.Upcoming Dividend • Apr 02Upcoming dividend of kr13.00 per shareEligible shareholders must have bought the stock before 09 April 2026. Payment date: 15 April 2026. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 4.2%. Lower than top quartile of Italian dividend payers (4.8%). Higher than average of industry peers (1.1%).Reported Earnings • Mar 02Full year 2025 earnings released: EPS: kr16.95 (vs kr24.78 in FY 2024)Full year 2025 results: EPS: kr16.95 (down from kr24.78 in FY 2024). Revenue: kr479.2b (down 9.0% from FY 2024). Net income: kr34.5b (down 32% from FY 2024). Profit margin: 7.2% (down from 9.6% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.공시 • Feb 23Renault SA (ENXTPA:RNO) signed a binding agreement to acquire remaining 55% stake in Flexis SAS from AB Volvo (publ) (OM:VOLV B) and CMA CGM S.A.Renault SA (ENXTPA:RNO) signed a binding agreement to acquire remaining 55% stake in Flexis SAS from AB Volvo (publ) (OM:VOLV B) and CMA CGM S.A. on February 23, 2026. The agreement provides for Renault Group to acquire Volvo Group’s and CMA CGM Group’s respective stakes in Flexis (45% and 10%). Under this agreement, Renault Group will acquire full ownership of Flexis and carry the project through to completion, which will remain firmly rooted in France. It could become effective by the end of the first half of 2026, subject to approval by the competition authorities. This agreement remains subject to the completion of all regulatory approval processes.New Risk • Feb 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (136% cash payout ratio). Share price has been volatile over the past 3 months (5.2% average weekly change).Declared Dividend • Jan 30Dividend of kr13.00 announcedShareholders will receive a dividend of kr13.00. Ex-date: 9th April 2026 Payment date: 15th April 2026 Dividend yield will be 42%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (136% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jan 29Full year 2025 earnings released: EPS: kr16.95 (vs kr24.79 in FY 2024)Full year 2025 results: EPS: kr16.95 (down from kr24.79 in FY 2024). Revenue: kr479.2b (down 9.0% from FY 2024). Net income: kr34.5b (down 32% from FY 2024). Profit margin: 7.2% (down from 9.6% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.공시 • Jan 29AB Volvo (publ), Annual General Meeting, Apr 08, 2026AB Volvo (publ), Annual General Meeting, Apr 08, 2026.공시 • Jan 28+ 1 more updateAB Volvo (Publ) Proposes Extra Dividend for Full Year 2025The Board of Directors of AB Volvo (publ) proposed an extra dividend of SEK 4.50 per share for full year 2025.Recent Insider Transactions • Dec 01Chairman recently bought €27m worth of stockOn the 24th of November, Par Boman bought around 1m shares on-market at roughly €24.92 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €44m. This was Par's only on-market trade for the last 12 months.Recent Insider Transactions • Oct 27Director recently bought €44m worth of stockOn the 20th of October, Helena Stjernholm bought around 2m shares on-market at roughly €23.13 per share. This transaction increased Helena's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €116m more in shares than they have sold in the last 12 months.공시 • Oct 17+ 3 more updatesAB Volvo (publ) to Report Q4, 2025 Final Results on Feb 26, 2026AB Volvo (publ) announced that they will report Q4, 2025 final results on Feb 26, 2026공시 • Oct 03Volvo Group Announces Executive Board Changes, Effective November 1, 2025Volvo Group announced that after ten years of service, Bruno Blin, has decided to step down from his role as member of the Volvo Group Executive Board. He will be replaced by Antoine Duclaux, currently Senior Vice President Renault Trucks International. Bruno Blin has played a pivotal role in Renault Truck's profitability journey and has been an early advocate for advancing sustainable transport solutions. Going forward, he will remain with the Volvo Group, contributing to various strategic projects. Bruno Blin will be succeeded by Antoine Duclaux, currently leading the Renault Trucks international division. Antoine Duclaux has extensive experience in the transportation and construction industries, having held several leadership roles at Volvo Group and Holcim. The transition will take effect on November 1, 2025.공시 • Jul 17AB Volvo (publ) to Report Q4, 2025 Results on Jan 28, 2026AB Volvo (publ) announced that they will report Q4, 2025 results on Jan 28, 2026공시 • Jun 27Volvo Group Announces Changes to Its Executive BoardVolvo Group announced that Lars Stenqvist, a member of the Volvo Group Executive Board and Group Chief Technology Officer, has decided to step down from his current role after nine years of service and will continue in the Group as a senior leader. He will be replaced by Jens Holtinger, who is currently a member of the Executive Board and Executive Vice President Group Trucks Operations. Lars Stenqvist has held his current role for nine years and has played a vital part in the journey towards more sustainable transport solutions. Jens Holtinger, who will succeed Lars Stenqvist, has had a number of leadership roles during his more than 25 years in the Volvo Group. In addition to his current role as Executive Vice President Group Trucks Operations, he has also been responsible for truck manufacturing in Europe and Brazil as well as various truck production plants. The transition will take effect on September 1, 2025.Declared Dividend • Apr 02Dividend of kr18.50 announcedShareholders will receive a dividend of kr18.50. Ex-date: 3rd April 2025 Payment date: 9th April 2025 Dividend yield will be 88%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but not covered by cash flows (134% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Apr 02+ 1 more updateAB Volvo (publ) Approves Extraordinary DividendAB Volvo (publ) at its AGM held on April 2, 2025, resolved that 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.Upcoming Dividend • Mar 27Upcoming dividend of kr18.50 per shareEligible shareholders must have bought the stock before 03 April 2025. Payment date: 09 April 2025. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 6.0%. Within top quartile of Italian dividend payers (5.5%). Higher than average of industry peers (1.6%).Valuation Update With 7 Day Price Move • Mar 25Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to €24.21, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Machinery industry in Italy. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €26.68 per share.공시 • Jan 30AB Volvo (publ), Annual General Meeting, Apr 02, 2025AB Volvo (publ), Annual General Meeting, Apr 02, 2025.이익 및 매출 성장 예측BIT:1VOLVB - 애널리스트 향후 추정치 및 과거 재무 데이터 (SEK Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028555,96354,55541,66569,0811712/31/2027524,87350,19640,47764,5722012/31/2026489,18542,87734,13659,069203/31/2026468,15632,88123,38449,773N/A12/31/2025479,18334,45619,46545,595N/A9/30/2025493,79235,58317,55742,247N/A6/30/2025500,07838,06019,68642,726N/A3/31/2025517,43146,19923,63244,385N/A12/31/2024526,81650,38928,05946,444N/A9/30/2024536,39251,70122,81140,585N/A6/30/2024551,69055,77616,20334,088N/A3/31/2024552,12650,99512,48730,753N/A12/31/2023552,25249,8252,99821,396N/A9/30/2023538,56744,39242520,944N/A6/30/2023521,20838,92612,15634,699N/A3/31/2023499,46538,59912,54436,771N/A12/31/2022473,47932,7227,39833,244N/A9/30/2022441,55434,09616,50141,517N/A6/30/2022411,89632,523-2,53021,430N/A3/31/2022383,51530,9791,01523,868N/A12/31/2021372,21632,78711,80833,647N/A9/30/2021366,75633,9958,31528,038N/A6/30/2021358,34932,66530,81748,822N/A3/31/2021341,01523,48421,04837,855N/A12/31/2020338,44619,31813,29030,610N/A9/30/2020346,88316,77614,98934,132N/A6/30/2020368,75418,5081,54122,406N/A3/31/2020416,22129,92112,60435,308N/A12/31/2019431,98035,861N/A39,047N/A9/30/2019432,41131,764N/A33,891N/A6/30/2019425,96931,768N/A31,845N/A3/31/2019408,89929,858N/A30,136N/A12/31/2018390,83424,897N/A31,187N/A9/30/2018376,60227,020N/A31,089N/A6/30/2018360,72124,966N/A29,823N/A3/31/2018344,95121,558N/A31,960N/A12/31/2017332,73820,484N/A37,599N/A9/30/2017323,74320,612N/A28,446N/A6/30/2017316,10117,796N/A34,567N/A3/31/2017307,13713,960N/A32,154N/A12/31/2016301,91413,147N/A17,559N/A9/30/2016298,99110,922N/A28,819N/A6/30/2016303,54211,404N/A19,388N/A3/31/2016309,43414,577N/A17,958N/A12/31/2015312,51515,058N/A25,858N/A9/30/2015310,3589,513N/A20,037N/A6/30/2015304,2717,941N/A22,537N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 1VOLVB 의 연간 예상 수익 증가율(14.2%)이 saving rate(3.3%)보다 높습니다.수익 vs 시장: 1VOLVB 의 연간 수익(14.2%)이 Italian 시장(10.9%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 1VOLVB 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 1VOLVB 의 수익(연간 5.5%)이 Italian 시장(연간 5.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 1VOLVB 의 수익(연간 5.5%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 1VOLVB의 자본 수익률은 3년 후 24.9%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 21:31종가2026/05/21 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스AB Volvo (publ)는 45명의 분석가가 다루고 있습니다. 이 중 20명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullABG Sundal CollierDavid LeikerBairdKristina ChurchBarclays42명의 분석가 더 보기
공시 • May 13Volvo Trucks Launches All-New Combustion Engine PlatformVolvo Trucks announced most fuel-efficient engines ever are here - two all-new 13-liter engines ready for renewable diesel and gas fuel types, including future hydrogen applications. Both are based on Volvo's latest in-house developed engine platform. Volvo Trucks launches an all-new engine platform made for a range of alternative fuels. The combustion engine continues to play an important role in Volvo Truck's driveline strategy and its new engines offer an attractive combination of more power, lower fuel consumption, lower emissions, lower noise and improved drivability. The new engine can deliver up to 4% lower fuel consumption versus the engine it is replacing, when using the benefits of the new engine in combination with Volvo Trucks' latest fuel-saving innovations that will now become available to more customers. Volvo Trucks has developed new engines that will cater for a wide variety of needs and conditions and the new engines will also meet or exceed the requirements of new legislation such as emission and noise levels. With a constant focus on improving fuel efficiency, Volvo Trucks has developed one of the most fuel-efficient engine generations available on the market. Launched in early 2024, the Volvo Aero range cuts fuel consumption by up to 5% compared with the previous model, while the all-new in-house developed engines will deliver further fuel savings of up to 4% across a wide range of applications and segments. The new platform comes with a refined engine brake functionality for increased drivability, new cylinder and turbo designs as well as an updated version of Volvo's appreciated I-Shift transmission. Both the diesel and gas versions will also offer significantly higher torque levels. Many variants of the diesel version of the new engine are compatible with Volvo Trucks' I-Roll with engine stop/start functionality, which means that more customers can benefit from saving fuel and emissions by being able to turn off the engine and roll downhill. Volvo Trucks drives the transition towards fossil-free transport to reach its net-zero emissions target by 2040 using a three-path technology strategy. The approach is built on battery electric, fuel cell electric and combustion engines that run on renewable fuels like green hydrogen, biogas (bio-LNG), biodiesel, and HVO (hydrotreated vegetable oil). The new engine platform is ready for alternative fuels such as biodiesel/B100, HVO, biogas/bio-LNG and green hydrogen. The D13 engine will come with 380-560hp of power and 1,800-2,900Nm of torque. The G13 version has 420-500hp and 2,400-2,800Nm. The new Euro6 engines fulfil the new legal requirements NNR3 (New Noise Regulation Phase 3), and are built for legislation to come in the future. They will be offered in the Volvo FM, FMX, FH and FH Aero models. Sales will begin during the third quarter of 2026. The new engines will be launched step by step globally with the first markets being Europe, Morocco, Turkey and India, later followed by North and Latin America, Asia and Africa. The new engines will initially be produced in Skövde, Sweden and the trucks are assembled in Tuve, Sweden and Ghent, Belgium.
공시 • Apr 09+ 1 more updateAB Volvo (Publ) Approves Ordinary DividendAB Volvo at its Annual General Meeting held on April 8, 2026 resolved, in accordance with the Board’s proposal, to pay an ordinary dividend of SEK 8.50 per share to shareholders. April 10, 2026 was decided as the record date for the right to receive the dividend.
공시 • Apr 02Volvo Trucks Begins On-Road Testing of Hydrogen Combustion Engine TrucksVolvo is taking another step towards net-zero CO2 emissions transport by starting on-road trials of heavy trucks with combustion engines powered by hydrogen. Volvo's hydrogen-powered trucks will have industry-leading performance with higher energy efficiency, lower fuel consumption and increased engine power compared to conventional hydrogen combustion engine technology. This is due to High Pressure Direct Injection (HPDI), a technology where a small amount of ignition fuel is injected with high pressure to enable compression ignition before hydrogen is added. Volvo is already using this technology in its gas-powered trucks, with more than 10,000 units sold globally. Hydrogen combustion engine trucks will be especially suitable over longer distances and in regions where there is limited charging infrastructure or time for recharging of battery-electric trucks. Volvo trucks with combustion engines powered by green hydrogen have the potential to deliver net zero CO2 well-to-wheel when using renewable HVO as ignition fuel. They are categorized as 'Zero Emission Vehicles' (ZEV) under the agreed EU CO2 emission standards. Volvo's advanced hydrogen engine technology is derived from its diesel powertrain, delivering diesel-like performance while substantially cutting CO2 emissions. The hydrogen-powered combustion engine trucks will complement the company's offering of other alternatives, such as battery electric trucks, fuel cell electric trucks and trucks that run on renewable fuels, like biogas and HVO (Hydrotreated Vegetable Oil). Volvo Trucks' hydrogen-powered trucks will use the fuel-efficient HPDI (High Pressure Direct Injection) technology from Cespira. Hydrogen-powered Volvo trucks will have an operational range exceeding many customers' daily driving distance. Due to the low CO2 emissions from hydrogen combustion, these trucks are categorized as 'Zero Emission Vehicles' under the agreed EU CO2 emission standards. Hydrogen can also be used to power fuel cell electric trucks, where electricity is produced on board the truck. Fuel cell electric trucks do not emit any tailpipe emissions, only water vapor. Volvo plans to launch fuel cell electric trucks in low volumes before 2030. Volvo Trucks' three-path strategy to reach net-zero emissions consists of battery-electric, fuel-cell electric, and combustion engines using renewable fuels.
Upcoming Dividend • Apr 02Upcoming dividend of kr13.00 per shareEligible shareholders must have bought the stock before 09 April 2026. Payment date: 15 April 2026. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 4.2%. Lower than top quartile of Italian dividend payers (4.8%). Higher than average of industry peers (1.1%).
Reported Earnings • Mar 02Full year 2025 earnings released: EPS: kr16.95 (vs kr24.78 in FY 2024)Full year 2025 results: EPS: kr16.95 (down from kr24.78 in FY 2024). Revenue: kr479.2b (down 9.0% from FY 2024). Net income: kr34.5b (down 32% from FY 2024). Profit margin: 7.2% (down from 9.6% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
공시 • Feb 23Renault SA (ENXTPA:RNO) signed a binding agreement to acquire remaining 55% stake in Flexis SAS from AB Volvo (publ) (OM:VOLV B) and CMA CGM S.A.Renault SA (ENXTPA:RNO) signed a binding agreement to acquire remaining 55% stake in Flexis SAS from AB Volvo (publ) (OM:VOLV B) and CMA CGM S.A. on February 23, 2026. The agreement provides for Renault Group to acquire Volvo Group’s and CMA CGM Group’s respective stakes in Flexis (45% and 10%). Under this agreement, Renault Group will acquire full ownership of Flexis and carry the project through to completion, which will remain firmly rooted in France. It could become effective by the end of the first half of 2026, subject to approval by the competition authorities. This agreement remains subject to the completion of all regulatory approval processes.
New Risk • Feb 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (136% cash payout ratio). Share price has been volatile over the past 3 months (5.2% average weekly change).
Declared Dividend • Jan 30Dividend of kr13.00 announcedShareholders will receive a dividend of kr13.00. Ex-date: 9th April 2026 Payment date: 15th April 2026 Dividend yield will be 42%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (136% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jan 29Full year 2025 earnings released: EPS: kr16.95 (vs kr24.79 in FY 2024)Full year 2025 results: EPS: kr16.95 (down from kr24.79 in FY 2024). Revenue: kr479.2b (down 9.0% from FY 2024). Net income: kr34.5b (down 32% from FY 2024). Profit margin: 7.2% (down from 9.6% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
공시 • Jan 29AB Volvo (publ), Annual General Meeting, Apr 08, 2026AB Volvo (publ), Annual General Meeting, Apr 08, 2026.
공시 • Jan 28+ 1 more updateAB Volvo (Publ) Proposes Extra Dividend for Full Year 2025The Board of Directors of AB Volvo (publ) proposed an extra dividend of SEK 4.50 per share for full year 2025.
Recent Insider Transactions • Dec 01Chairman recently bought €27m worth of stockOn the 24th of November, Par Boman bought around 1m shares on-market at roughly €24.92 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €44m. This was Par's only on-market trade for the last 12 months.
Recent Insider Transactions • Oct 27Director recently bought €44m worth of stockOn the 20th of October, Helena Stjernholm bought around 2m shares on-market at roughly €23.13 per share. This transaction increased Helena's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €116m more in shares than they have sold in the last 12 months.
공시 • Oct 17+ 3 more updatesAB Volvo (publ) to Report Q4, 2025 Final Results on Feb 26, 2026AB Volvo (publ) announced that they will report Q4, 2025 final results on Feb 26, 2026
공시 • Oct 03Volvo Group Announces Executive Board Changes, Effective November 1, 2025Volvo Group announced that after ten years of service, Bruno Blin, has decided to step down from his role as member of the Volvo Group Executive Board. He will be replaced by Antoine Duclaux, currently Senior Vice President Renault Trucks International. Bruno Blin has played a pivotal role in Renault Truck's profitability journey and has been an early advocate for advancing sustainable transport solutions. Going forward, he will remain with the Volvo Group, contributing to various strategic projects. Bruno Blin will be succeeded by Antoine Duclaux, currently leading the Renault Trucks international division. Antoine Duclaux has extensive experience in the transportation and construction industries, having held several leadership roles at Volvo Group and Holcim. The transition will take effect on November 1, 2025.
공시 • Jul 17AB Volvo (publ) to Report Q4, 2025 Results on Jan 28, 2026AB Volvo (publ) announced that they will report Q4, 2025 results on Jan 28, 2026
공시 • Jun 27Volvo Group Announces Changes to Its Executive BoardVolvo Group announced that Lars Stenqvist, a member of the Volvo Group Executive Board and Group Chief Technology Officer, has decided to step down from his current role after nine years of service and will continue in the Group as a senior leader. He will be replaced by Jens Holtinger, who is currently a member of the Executive Board and Executive Vice President Group Trucks Operations. Lars Stenqvist has held his current role for nine years and has played a vital part in the journey towards more sustainable transport solutions. Jens Holtinger, who will succeed Lars Stenqvist, has had a number of leadership roles during his more than 25 years in the Volvo Group. In addition to his current role as Executive Vice President Group Trucks Operations, he has also been responsible for truck manufacturing in Europe and Brazil as well as various truck production plants. The transition will take effect on September 1, 2025.
Declared Dividend • Apr 02Dividend of kr18.50 announcedShareholders will receive a dividend of kr18.50. Ex-date: 3rd April 2025 Payment date: 9th April 2025 Dividend yield will be 88%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but not covered by cash flows (134% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Apr 02+ 1 more updateAB Volvo (publ) Approves Extraordinary DividendAB Volvo (publ) at its AGM held on April 2, 2025, resolved that 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.
Upcoming Dividend • Mar 27Upcoming dividend of kr18.50 per shareEligible shareholders must have bought the stock before 03 April 2025. Payment date: 09 April 2025. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 6.0%. Within top quartile of Italian dividend payers (5.5%). Higher than average of industry peers (1.6%).
Valuation Update With 7 Day Price Move • Mar 25Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to €24.21, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Machinery industry in Italy. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €26.68 per share.
공시 • Jan 30AB Volvo (publ), Annual General Meeting, Apr 02, 2025AB Volvo (publ), Annual General Meeting, Apr 02, 2025.