- Volvo’s 1Q operating profit surpassed estimates, achieving SEK18.16 billion over the estimated SEK17.24 billion.
- The selling expenses for the quarter was SEK8.62 billion, which was more than the expected SEK7.82 billion.
- Income, after accounting for financial items, landed at SEK18.44 billion – surpassing the estimated SEK17.04 billion.
- Volvo’s EPS (Earnings Per Share) stood at SEK6.92, better than the estimate of SEK6.27.
- The total intake of truck orders was slightly less than anticipated at 48,701, compared to the estimated 49,669.
- Breakdown of the truck order intake by region was: 9,620 for North America, 25,077 for Europe, 7,898 for South America, 4,115 for Asia, and 1,991 for Africa & Oceania.
- Volvo saw a notable dip in bus order intake with only 874 units, with it being considerably less than the estimated 1,841.
- The Volvo Penta order intake also fell short of expectations, standing at 9,050 engines, below the estimated 12,588.
- Opinions on Volvo’s overall performance were varied with 12 buys, 11 holds, and 3 sells being made.
A look at Volvo AB Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Volvo AB, a leading manufacturer of trucks, buses, and construction equipment, is positioned for a promising long-term outlook based on the Smartkarma Smart Scores. With above-average ratings in Growth and Momentum, Volvo AB is expected to continue its upward trajectory in terms of expansion and market performance. The company’s strong focus on innovation and market momentum indicates a positive outlook for its future growth and profitability.
While Volvo AB demonstrates solid potential in terms of dividend payouts and growth opportunities, its resilience score is comparatively lower. This suggests that the company may face some challenges in maintaining stability during market fluctuations. However, overall, Volvo AB‘s diversified business operations and strategic positioning in various sectors indicate a favorable long-term outlook for investors seeking a reliable and growth-oriented company.
### Summary: Volvo AB is a versatile company involved in manufacturing trucks, buses, construction equipment, marine and industrial drive systems, and aircraft engine components. In addition to its core manufacturing activities, the company provides a range of services including repair and maintenance, lease financing, insurance, and financial services to its customers. ###
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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