Volvo Car AB (publ.) Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Volvo Car AB (publ.) (STO:VOLCAR B) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr101.5b (flat on 2Q 2023).
- Net income: kr5.35b (up 61% from 2Q 2023).
- Profit margin: 5.3% (up from 3.3% in 2Q 2023).
- EPS: kr1.80 (up from kr1.12 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Volvo Car AB (publ.) EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 11%.
Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Auto industry in Europe.
Performance of the market in Sweden.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the 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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About OM:VOLCAR B
Volvo Car AB (publ.)
Designs, develops, manufactures, assembles, and sells passenger cars in Sweden and internationally.
Very undervalued with solid track record.
