Fourth quarter 2020
“In 2020, the global pandemic presented us with challenges that are unprecedented in modern times. Together with business partners and suppliers, we supported our customers through all stages of the crisis.
We handled dramatic fluctuations in demand while taking decisive steps forward towards tomorrow's fossil-free transport system. We demonstrated that we have significantly improved our volume and cost flexibility, which were crucial factors behind our earnings resilience in 2020.
Despite a loss of almost SEK 100 billion in revenues, we were able to deliver an adjusted operating income of SEK 28.6 billion with a margin of 8.4%. I would like to thank all my colleagues and our business partners for their fantastic efforts in very difficult circumstances,” says Martin Lundstedt, President and CEO.
Conference call for investors and analysts 9.00 a.m CET
Volvo Group was represented by President and CEO Martin Lundstedt and CFO Jan Ytterberg.
An online presentation of the report, followed by a question-and-answer session was webcast at 9.00 a.m.
Access the webcast.
SE: +46 8 519 993 85
Conference Reference: 301335881#