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Volvo Group will hold its Capital Markets Day on June 22, 2022. At the event, executive management will outline the key building blocks in the Volvo Group’s transformation towards 2030.
Volvo Trucks is opening its very first battery assembly plant. Located in Ghent, Belgium, the plant will supply ready-to-install batteries for Volvo Trucks’ full electric heavy-duty trucks.
Press release
05/13/2022
The Foundation Assar Gabrielssons fund scholarship recipients 2022 appointed
The Assar Gabrielsson Foundation has nominated Angela Molinaro as the winner in the basic science research category and Emilia Alfonzo Rodriguez as the winner in the clinical research category. The scholarship recipients, who both do research at the University of Gothenburg, are rewarded with SEK 100,000 each, which is paid to the Sahlgrenska Academy at the University of Gothenburg as extra research grants.
Press release
05/12/2022
DHL and Volvo Trucks kick-off new zero emission cooperation with order for up to 44 electric trucks
Volvo Trucks and Deutsche Post DHL Group have signed a cooperation agreement to accelerate the shift to zero exhaust emission vehicles. DHL intends to intensify its transition to heavy electric trucks by deploying a total of 44 new electric Volvo trucks on routes in Europe.
“Economic activity continued to be good in Q1 2022 with high transport volumes and good construction activity in most markets. We increased sales and improved profitability. Our net sales grew by 12% to SEK 105.3 billion. The high business activity combined with our growing service contract portfolio resulted in continued good service growth, which was up by 19%. Adjusted operating income increased to SEK 12.7 billion (11.8) and we achieved an adjusted operating margin of 12.0% (12.6) despite a challenging supply chain situation,” says Martin Lundstedt, President and CEO.
The Volvo Group report for the first quarter 2022 will be published on April 22, 2022, at 7.20 a.m. CEST. There will be a conference call for press and analysts starting at 9.00 a.m. CEST.
Since the war in Ukraine started and sanctions were imposed, all sales, service and production in Russia have been suspended. The Volvo Group has total assets of approximately SEK 9 billion related to Russia, of which approximately SEK 6 billion is cash items that could be materialized over the coming years. In the first quarter 2022, assets amounting to approximately SEK 4 billion will be provided for and have a negative impact on operating income, primarily in the Financial Services segment.
AB Volvo held its Annual General Meeting on April 6, 2022. The Meeting was carried out pursuant to temporary legislation, through postal voting only without any physical attendance. The Chairman and the President & CEO describe the Volvo Group’s situation in presentations that are available on AB Volvo’s website www.volvogroup.com.
Volvo Trucks in North America has won an order for 110 Volvo VNR Electric trucks from the global logistics company Maersk. The deal adds to a previous order of 16 vehicles of the same model and marks the single largest commercial order to date for Volvo’s electric trucks.
AB Volvo (publ) gives notice to the Annual General Meeting Wednesday, April 6, 2022. Volvo welcomes participation at the Meeting through advance voting and encourages shareholders to ask questions in advance by post or e-mail.
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