Fourth quarter and full year 2023
The Volvo Group report for the fourth quarter and full year 2023 was published on January 26, 2024 at 7.20 a.m. CET.
The Volvo Group report for the fourth quarter and full year 2023 was published on January 26, 2024 at 7.20 a.m. CET.
“For the full year 2023, we increased net sales by almost SEK 80 billion to SEK 553 billion and the adjusted operating income to SEK 77.6 billion (50.5), with an adjusted operating margin of 14.0% (10.7). Return on capital employed in the Industrial Operations increased to 36.7% (27.4). We also generated a strong operating cash flow of SEK 45.8 billion (35.3) and ended the year with a net cash position of SEK 83.4 billion in the Industrial Operations, pension and lease liabilities excluded. Thanks to our strong finances, we can continue to provide a good return to our shareholders and at the same time invest in and seize opportunities in the ongoing industry transformation to more sustainable solutions. The Board of Directors proposes an ordinary dividend of SEK 7.50 per share and an extra dividend of SEK 10.50 per share,” says Martin Lundstedt, President and CEO.
A press conference was held at Tändstickspalatset, Stockholm. With President and CEO Martin Lundstedt and CFO Mats Backman.
Link to webcast: https://qreport.volvogroup.com/
