Volvo Car AB (publ.) Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Volvo Car AB (publ.) (STO:VOLCAR B) Full Year 2024 Results

Key Financial Results

• Revenue: kr400.2b (flat on FY 2023).
• Net income: kr15.4b (up 18% from FY 2023).
• Profit margin: 3.8% (up from 3.3% in FY 2023).
• EPS: kr5.17 (up from kr4.38 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Volvo Car AB (publ.) Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 7.6%.

The primary driver behind last 12 months revenue was the Other Europe segment contributing a total revenue of kr99.6b (25% of total revenue). Notably, cost of sales worth kr320.8b amounted to 80% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to kr25.4b (40% of total expenses). Explore how VOLCAR B's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Auto industry in Europe.

Performance of the market in Sweden.

The company's shares are up 3.0% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Volvo Car AB (publ.)'s balance sheet.

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