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Press release
02/03/2023
Tina Hultkvist to resign as Volvo Group Chief Financial Officer and member of the Executive Board
Tina Hultkvist has decided to resign from her role as Volvo Group Chief Financial Officer and member of the Executive Board. She has 25 years of experience at Volvo Group and has served as the Volvo Group CFO since March 2022. Jan Ytterberg, previously Volvo Group Chief Financial Officer and member of the Executive Board, and currently in the role of Volvo Group senior advisor, will step in as acting CFO.
“In 2022, the Volvo Group delivered strong growth as well as good profitability and cash flow. For the full year, we increased net sales by over SEK 100 billion to SEK 473 billion and the adjusted operating income to SEK 50.5 billion (41.0). The adjusted operating margin amounted to 10.7% (11.0). We generated a strong operating cash flow of SEK 35.3 billion (29.4) and ended the year with a net cash position of SEK 73.9 billion in the Industrial Operations, pension and lease liabilities excluded. Our strong finances mean that we can continue to provide a good return to our shareholders and at the same time invest in the transformation of our industries. The Board of Directors proposes an ordinary dividend of SEK 7.00 per share and an extra dividend of SEK 7.00 per share,” says Martin Lundstedt, President and CEO.
Press release
01/18/2023
Volvo Group Venture Capital AB invests in the Canadian founded company Waabi Innovation Inc, developing the next generation of autonomous trucking technology. The investment highlights the companies’ shared commitment to redefine the way we move goods and to accelerate the deployment of future transport solutions.
By Martin Lundstedt, President and CEO Volvo Group and Chairman of ACEA Commercial Vehicle Board
The Volvo Group report for the fourth quarter 2022 will be published on January 26, 2023 at 7.20 a.m. CEST.
This year, the Volvo Group Seasonal Gift – given on behalf of all employees to projects worldwide – focuses on supporting the education and health of girls and young females.
June is #Pridemonth. This is the most colorful month of the year since the LGBTQ+ pride is celebrated. The RAINBOW flag is used widely but it is not the only flag that people in the community connect with. Did you know that there are more than 20 different Pride Flags? Ambassadors of Volvo Group’s internal LGBTQ+ network called V-EAGLE tell us what they stand for.
Australian express freight company, Team Global Express, has placed an order for 36 Volvo electric trucks. This is Volvo’s largest electric truck order to date in Australia. The trucks will hit the streets of Sydney during the first quarter of 2023.
Press release - Australia
12/07/2022
Largest order of Volvo FL Electric taken for Team Global Express Australia
Australian express freight giant, Team Global Express has placed the largest order to date globally for Volvo medium duty electric and the largest order of electric trucks in Australia so far.
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