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The number of votes in AB Volvo has changed due to the conversion of a total of 12,864 Series A shares to a total of 12,864 Series B shares. The conversions were implemented with the support of the opportunity for Series A shareholders to request conversion of Series A shares to Series B shares which was entered in the Articles of Association at the 2011 Annual General Meeting.
“In Q1, the Volvo Group’s net sales declined by 7% adjusted for currency movements and amounted to SEK 121.8 billion (131.2). Sales of vehicles were 9% lower than in Q1 2024 and as the quarter went by, there was increased uncertainty surrounding tariffs and their effect on global trade. The underlying service business continued to grow supported by good utilization of vehicles and machines in many markets across the world. Adjusted for the divestment of Arquus and currency our service business grew by 2% compared with Q1, 2024, and on a rolling 12-month basis we had service revenues of SEK 129.2 billion. The lower vehicle volumes affected our profitability, but we nonetheless generated an operating income of SEK 13.3 billion (18.2) with a margin of 10.9% (13.8),” says Martin Lundstedt, President and CEO.
Next-generation design delivers maximum aerodynamic performance, driver comfort and fuel efficiency
The Volvo Group report for the first quarter will be published on April 23, 2025 at 7:20 a.m. CEST.
AB Volvo held its Annual General Meeting on April 2, 2025. The Meeting was held at Konserthuset in Göteborg, Sweden, with the option for shareholders to exercise their voting rights by advance voting (postal voting). Presentations by the Chairman of the Board and the President and CEO describing the work of the Board and the Volvo Group’s operations are available on AB Volvo’s website www.volvogroup.com.
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This year’s Volvo Group Seasonal Gift – given on behalf of all employees to projects worldwide – focuses on “Youth Development”. The Seasonal gift aims to empower youth to not only navigate digital challenges, but also thrive in their personal, educational, and social lives.
In the dynamic environment of our truck production, an invention from Volvo Group researchers has been introduced setting a new standard for human and robot collaboration. The new automated transporters are a unique AI-powered solution with remarkably user-friendly design.
In the dynamic world of corporate-startup collaborations, the terminology used to describe the CampX programs can significantly impact their perception and effectiveness.
The innovation landscape is vast, and you can easily get lost in blockchain projects, virtual reality experiences and AI platforms. Choosing an innovation approach is an important part of your innovation strategy, it can guide you like a north star and makes it easier to stay on your innovation course. In this article we explain why we chose a human-centric approach at CampX.
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Embarking on a two-day journey of innovation and collaboration, the AI in Action Hackathon organized by Volvo Group Connected Solutions, a global organization that leads the development of the Volvo Group's connected services and solutions, proved to be a showcase of brilliance and creativity. This global development and training initiative brought together numerous talented minds, fostering an atmosphere of excitement and energy.
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Senior Vice President Media Relations,
Volvo Group Headquarters
Phone: +46 765 537229
E-mail: press@volvo.com
