Volvo Car AB (publ.) Third Quarter 2024 Earnings: Beats Expectations
Volvo Car AB (publ.) (STO:VOLCAR B) Third Quarter 2024 Results
Key Financial Results
- Revenue: kr92.8b (flat on 3Q 2023).
- Net income: kr4.21b (up 40% from 3Q 2023).
- Profit margin: 4.5% (up from 3.3% in 3Q 2023).
- EPS: kr1.41 (up from kr1.01 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Volvo Car AB (publ.) Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 35%.
Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Auto industry in Europe.
Performance of the market in Sweden.
The company's shares are down 2.4% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on Volvo Car AB (publ.)'s balance sheet health.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About OM:VOLCAR B
Volvo Car AB (publ.)
Designs, develops, manufactures, assembles, and sells passenger cars in Sweden and internationally.
Solid track record with excellent balance sheet.
