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Volvo Group Capital Markets Day - Gearing up for growth

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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.

Il gruppo Volvo ha tenuto la sua Giornata dei Mercati Finanziari presso il Centro Clienti Volvo Trucks in Virginia, USA, dove il CEO Martin Lundstedt ha delineato la direzione strategica dell'azienda. Il Gruppo mira a migliorare le performance e a rafforzare la resilienza dei ricavi, continuando a investire nella crescita e nella trasformazione. Operando da una solida posizione finanziaria, Volvo prevede di aumentare le quote di mercato, in particolare in Nord America, e di espandere la sua attività di servizi a livello globale. L'azienda sottolinea il suo impegno verso soluzioni di trasporto sostenibili in tutte le tecnologie: veicoli a combustione interna, elettrici a batteria e veicoli elettrici a celle a combustibile.

El Grupo Volvo llevó a cabo su Día de Mercados de Capitales en el Centro de Clientes de Volvo Trucks en Virginia, EE. UU., donde el CEO Martin Lundstedt esbozó la dirección estratégica de la empresa. El Grupo tiene como Objetivo mejorar el rendimiento y fortalecer la resiliencia de las ganancias mientras continúa invirtiendo en crecimiento y transformación. Operando desde una sólida posición financiera, Volvo planea aumentar su cuota de mercado, especialmente en América del Norte, y expandir su negocio de servicios a nivel global. La empresa enfatiza su compromiso con soluciones de transporte sostenibles en todas las tecnologías: vehículos de combustión interna, eléctricos a batería y vehículos eléctricos de pila de combustible.

볼보 그룹은 미국 버지니아의 볼보 트럭 고객 센터에서 자본 시장의 날 행사를 개최했으며, CEO 마틴 룬드스테드는 회사의 전략적 방향성을 설명했습니다. 그룹은 성과를 향상시키고 수익 회복력을 강화하는 동시에 성장과 변형에 대한 투자를 지속하는 것을 목표로 하고 있습니다. 강력한 재무 위치에서 운영하며, 볼보는 시장 점유율을 증가시키고 특히 북미에서 글로벌 서비스 비즈니스를 확장할 계획입니다. 이 회사는 내연 기관, 배터리 전기차 및 연료 전지 전기차 등 모든 기술 분야에서 지속 가능한 운송 솔루션에 대한 약속을 강조합니다.

Le groupe Volvo a tenu sa Journée des Marchés de Capitaux au Centre Client de Volvo Trucks en Virginie, aux États-Unis, où le PDG Martin Lundstedt a exposé la direction stratégique de l'entreprise. Le groupe vise à améliorer les performances et à renforcer la résilience des bénéfices tout en continuant d'investir dans la croissance et la transformation. Opérant à partir d'une solide position financière, Volvo prévoit d'augmenter ses parts de marché, en particulier en Amérique du Nord, et d'élargir son activité de services à l'échelle mondiale. L'entreprise souligne son engagement envers des solutions de transport durables dans toutes les technologies : véhicules à combustion interne, véhicules électriques à batterie et véhicules à hydrogène.

Die Volvo Group veranstaltete ihren Kapitalmarkttag im Volvo Trucks Kundencenter in Virginia, USA, wo CEO Martin Lundstedt die strategische Richtung des Unternehmens skizzierte. Die Gruppe strebt an, die Leistung zu verbessern und die Gewinnresilienz zu stärken, während sie weiterhin in Wachstum und Transformation investiert. Aus einer starken finanziellen Position heraus plant Volvo, Marktanteile zu erhöhen, insbesondere in Nordamerika, und sein globales Service-Geschäft auszubauen. Das Unternehmen betont sein Engagement für nachhaltige Transportlösungen in allen Technologien – von Verbrennungsmotoren über batterieelektrische bis hin zu brennstoffzellen-elektrischen Fahrzeugen.

Positive
  • Strong net financial position
  • Leading market positions in multiple markets
  • Growing service business with untapped potential
  • Expansion opportunities in North America
  • Diverse product portfolio across multiple transport technologies
Negative
  • None.

GOTHENBURG, Sweden, Nov. 14, 2024 /PRNewswire/ -- Today, November 14, 2024, the Volvo Group held its Capital Markets Day at the Volvo Trucks Customer Center in New River Valley, Virginia, USA. At the event, President and CEO Martin Lundstedt together with Group Management presented the strategic direction to improve the Group's performance and to strengthen earnings resilience across the business cycle while continuing to invest and accelerate growth through the transformation.

"We are focused on delivering on our strategic agenda – evolving our performance culture based on a decentralized organization with those closest to the customer empowered to make decisions and driving continuous improvement across the Group," says Martin Lundstedt.

The Volvo Group is maneuvering from a position of strength based on a strong net financial position, a broad customer base with long-standing relationships, leading market positions in many markets and a growing service business. Moving forward, there are substantial growth opportunities by increasing market shares, especially in North America, and by exploiting untapped potential in the service business globally. Furthermore, the transformation presents growth prospects for the Group through an increased value proposition to customers.

"By navigating the transformation with flexibility and maneuverability, we will ensure that we can adapt to shifts in the market and seize new opportunities. In this changing landscape, leveraging partnerships will accelerate our innovation efforts, and portfolio optimization and disciplined capital allocation will help to drive value creation and earnings resilience. The Volvo Group's strategy is clear – it is all about continuing to win today and tomorrow," says Martin Lundstedt.

The Volvo Group has its strongest product, services and solutions lineup ever and aims to transform the transport and infrastructure industries to a more sustainable future irrespective of technology – internal combustion engines, battery-electric vehicles or fuel cell-electric vehicles.

"Regardless of the speed of the transformation, the Volvo Group is geared up to deliver continued strong earnings and cashflow as a base for providing good total shareholder returns," says Martin Lundstedt.

The Capital Markets Day was webcast. A replay and the presentation material will be available at www.volvogroup.com.

November 14th, 2024

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 X: @volvogroup

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 190 markets. In 2023, net sales amounted to SEK 553 billion (EUR 48 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/volvo-group-capital-markets-day---gearing-up-for-growth,c4066743

The following files are available for download:

https://mb.cision.com/Main/39/4066743/3115783.pdf

Volvo Group Capital Markets Day - Gearing up for growth

https://news.cision.com/ab-volvo/i/cmd-2-2024-1860x1050,c3352169

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Cision View original content:https://www.prnewswire.com/news-releases/volvo-group-capital-markets-day--gearing-up-for-growth-302306086.html

SOURCE AB Volvo

FAQ

What are Volvo Group's (VLVLY) main growth strategies announced at the 2024 Capital Markets Day?

Volvo Group's growth strategies include increasing market shares in North America, expanding global service business, leveraging partnerships for innovation, and maintaining portfolio optimization with disciplined capital allocation.

How is Volvo Group (VLVLY) approaching the sustainable transport transformation?

Volvo Group is pursuing a technology-agnostic approach, developing solutions across internal combustion engines, battery-electric vehicles, and fuel cell-electric vehicles to transform transport and infrastructure industries sustainably.

What is Volvo Group's (VLVLY) current financial position as of November 2024?

According to the Capital Markets Day presentation, Volvo Group maintains a strong net financial position with established customer relationships and leading market positions in many markets.

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