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Volvo Ab (VLVLY) drives innovation in commercial transportation and industrial solutions through its heavy trucks, construction equipment, and digital services. This news hub provides investors and industry professionals with essential updates on the company developments shaping global infrastructure and sustainable mobility.
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AB Volvo held its Annual General Meeting on April 2, 2025, in Gothenburg, Sweden. The company approved a total dividend of SEK 18.50 per share, consisting of an ordinary dividend of SEK 8.00 and an extraordinary dividend of SEK 10.50, with April 4, 2025, as the record date.
The meeting re-elected all Board members and Pär Boman as Chairman. Deloitte AB was re-appointed as auditor until 2026. The Board's remuneration was set with the Chairman receiving SEK 4,265,000 and other members SEK 1,280,000 each, plus additional compensation for committee roles.
The company reported net sales of SEK 527 billion (EUR 46 billion) for 2024, employing over 100,000 people and serving customers in nearly 190 markets.
AB Volvo (VLVLY) has announced changes in its voting structure following the conversion of 7,640 Series A shares to Series B shares. This conversion was executed under provisions established at the 2011 Annual General Meeting, allowing Series A shareholders to request such conversions.
As of March 31, 2025, the company's total registered shares stand at 2,033,452,084, comprising:
- 444,966,820 Series A shares
- 1,588,485,264 Series B shares
The total number of votes in the company now amounts to 603,815,346.4 based on registered shares. The Swedish-headquartered transport and infrastructure solutions provider operates in nearly 190 markets, employing over 100,000 people, with net sales of SEK 527 billion (EUR 46 billion) in 2024.
Volvo Group has published its Annual Report for 2024, revealing a year marked by normalizing market demand and continued geopolitical challenges. The company reported net sales of SEK 526.8 billion, showing a 3% decrease when adjusted for currency. Vehicle sales declined by 5% compared to 2023, while service sales increased by 4%.
The Group maintained profitability despite lower volumes, achieving an adjusted operating income of SEK 65.7 billion (down from 78.2 billion) and an adjusted operating margin of 12.5% (down from 14.0%). The year featured significant product launches across business areas and new partnerships focused on efficient and carbon-neutral solutions.
The Election Committee of AB Volvo has proposed the re-election of Chairman Pär Boman and all current Board members including Matti Alahuhta, Bo Annvik, Jan Carlson, Eric Elzvik, Martha Finn Brooks, Kurt Jofs, Martin Lundstedt, Kathryn V. Marinello, Martina Merz, and Helena Stjernholm.
The Election Committee comprises representatives of Volvo's four largest shareholders, collectively representing 16.4% of shares and 39.9% of votes, along with the Board Chairman. The committee members include Fredrik Persson (AB Industrivärden), Anders Oscarsson (AMF and AMF Funds), Carina Silberg (Alecta), and Anders Algotsson (AFA Insurance).
Volvo Group, headquartered in Gothenburg, Sweden, reported net sales of SEK 527 billion (EUR 46 billion) in 2024, employs over 100,000 people, and operates in nearly 190 markets.
Volvo Autonomous Solutions (V.A.S.) and DHL Supply Chain have launched autonomous trucking operations in Texas using the Volvo VNL Autonomous, powered by Aurora Driver technology. Initial operations will cover Dallas to Houston and Fort Worth to El Paso routes, with safety drivers present during this validation phase.
The initiative focuses on validating the ecosystem required for autonomous transport at scale. The Volvo VNL Autonomous features built-in redundancy systems and advanced sensors, including high-resolution cameras, imaging radar, and proprietary long-range lidar for safe highway operations. Bruckner's Truck & Equipment and other Volvo dealers across Texas will provide support infrastructure.
Renault Trucks T, a Volvo Group brand, has achieved a 4-star safety rating in Euro NCAP's first-ever heavy-duty truck assessment. The truck scored 74% overall, with breakdowns of 72% in Safe driving, 70% in Collision avoidance, and 80% in Post-accident systems. The vehicle features advanced safety systems including radar detection for vulnerable users, blind spot cameras, Adaptive Cruise Control with stop-and-go, lane departure warning, and automatic emergency braking. Euro NCAP praised the high quality of its advanced driving assistance systems in standard configuration. Testing was conducted by UTAC laboratory in France following Euro NCAP protocols.
Volvo Group held its Capital Markets Day at the Volvo Trucks Customer Center in Virginia, USA, where CEO Martin Lundstedt outlined the company's strategic direction. The Group aims to improve performance and strengthen earnings resilience while continuing investments in growth and transformation. Operating from a strong financial position, Volvo plans to increase market shares, particularly in North America, and expand its global service business. The company emphasizes its commitment to sustainable transport solutions across all technologies - internal combustion, battery-electric, and fuel cell-electric vehicles.
Volvo Penta announced a follow-on investment in UtilityInnovation Group (UIG), a USA and Ireland-based company specializing in resilient utility systems and decentralized energy solutions. The investment strengthens Volvo Penta's position in the energy infrastructure market as a supplier of battery energy storage (BESS) subsystems. UIG will scale its operations to meet growing demand for sustainable electric grid infrastructure, focusing on expanding resilient energy solutions, driving BESS adoption, and deploying their GridSure platform. The partnership aims to address challenges in data center power demands and grid evolution. The transaction has no significant impact on Volvo Group's earnings or financial position.
Volvo Group (VLVLY) and Daimler Truck have signed a binding agreement to establish a 50/50 joint venture focused on developing a software-defined vehicle platform for heavy-duty vehicles. The new company, to be headquartered in Gothenburg, Sweden, will develop a truck operating system and offer brand-agnostic products to other commercial vehicle OEMs. The joint venture will create centralized high-performance control units and develop an operating system enabling wireless 'over the air' updates. The transaction is expected to complete in H1 2025, subject to regulatory approvals. Both companies will remain competitors in all other business areas.
The Consumer Technology Association (CTA) has announced Martin Lundstedt, President and CEO of Volvo Group, as a keynote speaker for CES 2025. Volvo Group will showcase its vision for 100% safe, 100% fossil-free, and 100% more productive transportation and infrastructure. The presentation will focus on sustainable innovation through electrification, connectivity, and automation.
Volvo Group aims to reach net zero value chain greenhouse gas emissions by 2040. They will highlight their three-pronged approach to fossil-free transportation: battery electric, hydrogen fuel cells, and combustion engines running on renewable biofuels. The company emphasizes the importance of a systemic approach across the entire value chain and strategic partnerships to accelerate change.
Martin Lundstedt's keynote speech is scheduled for January 8, 2025, at 9 a.m. PT in the Palazzo Ballroom at the Venetian.
