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AB Volvo publishes Annual Report 2024

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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.

Volvo Group ha pubblicato il suo Rapporto Annuale per il 2024, rivelando un anno caratterizzato da una domanda di mercato in normalizzazione e da continue sfide geopolitiche. L'azienda ha registrato vendite nette di SEK 526,8 miliardi, mostrando una diminuzione del 3% una volta adeguate per il cambio. Le vendite di veicoli sono diminuite del 5% rispetto al 2023, mentre le vendite di servizi sono aumentate del 4%.

Il Gruppo ha mantenuto la redditività nonostante i volumi più bassi, raggiungendo un reddito operativo rettificato di SEK 65,7 miliardi (in calo rispetto ai 78,2 miliardi) e un margine operativo rettificato del 12,5% (in calo rispetto al 14,0%). L'anno ha visto significativi lanci di prodotto in diverse aree di business e nuove partnership focalizzate su soluzioni efficienti e carbon-neutral.

Volvo Group ha publicado su Informe Anual para 2024, revelando un año marcado por la normalización de la demanda del mercado y desafíos geopolíticos continuos. La compañía reportó ventas netas de SEK 526.8 mil millones, mostrando una disminución del 3% al ajustar por divisas. Las ventas de vehículos cayeron un 5% en comparación con 2023, mientras que las ventas de servicios aumentaron un 4%.

El Grupo mantuvo la rentabilidad a pesar de los volúmenes más bajos, logrando un ingreso operativo ajustado de SEK 65.7 mil millones (a la baja desde 78.2 mil millones) y un margen operativo ajustado del 12.5% (a la baja desde el 14.0%). El año presentó lanzamientos de productos significativos en diversas áreas de negocio y nuevas asociaciones centradas en soluciones eficientes y neutrales en carbono.

볼보 그룹은 2024년 연례 보고서를 발표하며 시장 수요의 정상화와 지속적인 지정학적 도전으로 특징 지어진 한 해를 공개했습니다. 회사는 SEK 526.8억의 순매출을 보고했으며, 환율 조정 시 3% 감소한 수치입니다. 차량 판매는 2023년 대비 5% 감소했으며, 서비스 판매는 4% 증가했습니다.

그룹은 낮은 물량에도 불구하고 수익성을 유지하며, 조정된 운영 소득 657억 SEK (78.2억에서 감소)과 조정된 운영 마진 12.5% (14.0%에서 감소)를 달성했습니다. 이 해는 다양한 사업 분야에서 중요한 제품 출시와 효율적이며 탄소 중립적인 솔루션에 집중한 새로운 파트너십을 특징으로 했습니다.

Volvo Group a publié son Rapport Annuel pour 2024, révélant une année marquée par une normalisation de la demande du marché et des défis géopolitiques continus. L'entreprise a enregistré des ventes nettes de SEK 526,8 milliards, affichant une diminution de 3% une fois ajustées pour la monnaie. Les ventes de véhicules ont diminué de 5% par rapport à 2023, tandis que les ventes de services ont augmenté de 4%.

Le Groupe a maintenu sa rentabilité malgré des volumes plus faibles, atteignant un résultat opérationnel ajusté de SEK 65,7 milliards (en baisse par rapport à 78,2 milliards) et une marge opérationnelle ajustée de 12,5% (en baisse par rapport à 14,0%). L'année a été marquée par des lancements de produits significatifs dans divers domaines d'activité et de nouveaux partenariats axés sur des solutions efficaces et neutres en carbone.

Volvo Group hat seinen Jahresbericht für 2024 veröffentlicht, der ein Jahr zeigt, das von einer Normalisierung der Marktnachfrage und anhaltenden geopolitischen Herausforderungen geprägt ist. Das Unternehmen meldete Nettoumsätze von SEK 526,8 Milliarden, was eine Anpassung an Wechselkurse um 3% Rückgang zeigt. Der Fahrzeugverkauf ging im Vergleich zu 2023 um 5% zurück, während die Dienstleistungsverkäufe um 4% zunahmen.

Die Gruppe hielt die Rentabilität trotz niedrigerer Volumen aufrecht und erreichte ein bereinigtes Betriebsergebnis von SEK 65,7 Milliarden (ein Rückgang von 78,2 Milliarden) und eine bereinigte Betriebsmarge von 12,5% (ein Rückgang von 14,0%). Das Jahr war geprägt von bedeutenden Produkteinführungen in verschiedenen Geschäftsbereichen und neuen Partnerschaften, die auf effiziente und kohlenstoffneutrale Lösungen abzielten.

Positive
  • Service sales increased by 4% year-over-year
  • Maintained strong profitability with 12.5% operating margin
  • Expanded partnerships for carbon-neutral solutions
Negative
  • Net sales decreased 3% (currency adjusted)
  • Vehicle sales declined 5% compared to 2023
  • Adjusted operating income fell to SEK 65.7B from SEK 78.2B
  • Operating margin decreased to 12.5% from 14.0%

Volvo Group today published the Annual Report for 2024 on www.volvogroup.com

GOTHENBURG, Sweden, Feb. 27, 2025 /PRNewswire/ -- "2024 was a year of normalizing market demand as freight and construction activity came down in many regions after a couple of years of very strong growth. It was also a year of continued geopolitical turmoil. In these challenging circumstances the Volvo Group continued to show resilience in earnings on lower volumes after hard work by dedicated colleagues and business partners across the value chain," says Martin Lundstedt, President and CEO.

The Volvo Groupʼs net sales decreased by 3% when adjusted for currency and amounted to SEK 526.8 billion, with sales of vehicles being 5% lower than in 2023 and sales of services increasing by 4%. The Group generated good profits on the lower sales volumes with an adjusted operating income of SEK 65.7 billion (78.2) and an adjusted operating margin of 12.5% (14.0).

It was also a year with substantial launches across the Group's business areas to provide customers with improved products and solutions that strengthen their businesses. Furthermore, the Group entered new partnerships and collaborations to continue to drive the transformation to more efficient and carbon-neutral solutions.

"I would like to express my gratitude for all the hard work put in by colleagues and supply chain partners and to our customers across the world for a successful 2024. Through our joint efforts we are shaping the world we want to live in," says Martin Lundstedt.

Journalists wanting further information, please contact:
Claes Eliasson, Head of Media Relations

+46 76 553 7229
press@volvo.com

For more information, please visit volvogroup.com 
For frequent updates, follow us on LinkedIn

The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers' uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 100,000 people and serves customers in almost 180 markets. In 2024, net sales amounted to SEK 527 billion (EUR 46 billion). Volvo shares are listed on Nasdaq Stockholm.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ab-volvo/r/ab-volvo-publishes-annual-report-2024,c4112026

The following files are available for download:

https://mb.cision.com/Main/39/4112026/3290354.pdf

Volvo Group Annual Report 2024

https://news.cision.com/ab-volvo/i/q12024-1860x1050,c3381925

Q12024 1860x1050

https://mb.cision.com/Public/39/4112026/b5a65a729ae5cdf2.pdf

Press Release - AB Volvo publishes Annual Report 2024

Cision View original content:https://www.prnewswire.com/news-releases/ab-volvo-publishes-annual-report-2024-302387666.html

SOURCE AB Volvo

FAQ

What were Volvo Group's (VLVLY) key financial results for 2024?

Volvo reported net sales of SEK 526.8B, with a 3% decrease in currency-adjusted sales and an adjusted operating income of SEK 65.7B, achieving a 12.5% operating margin.

How did VLVLY's vehicle sales perform in 2024 compared to 2023?

Volvo's vehicle sales decreased by 5% compared to 2023, while service sales grew by 4%.

What caused the decline in Volvo's (VLVLY) 2024 performance?

The decline was attributed to normalizing market demand as freight and construction activity decreased in many regions, along with continued geopolitical challenges.

How did VLVLY's operating margin change in 2024?

Volvo's adjusted operating margin decreased to 12.5% in 2024 from 14.0% in 2023.

What strategic initiatives did Volvo (VLVLY) undertake in 2024?

Volvo launched new products across business areas and entered new partnerships focused on efficient and carbon-neutral solutions.

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