GOTHENBURG, Sweden, Jan. 26,
2023 /PRNewswire/ -- "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.
THE FOURTH QUARTER
2022
- In Q4 2022, net sales increased by 31% to SEK 134.3 billion (102.4). Adjusted for currency
movements the increase was 17%.
- Adjusted operating income amounted to SEK 12,171 M (10,060), corresponding to an
adjusted operating margin of 9.1% (9.8). Adjusted operating income
excludes costs of SEK 630 M relating
to claims arising from the European Commission's 2016 antitrust
settlement decision.
- Reported operating income amounted to SEK 11,541 M (10,219).
- Currency movements had a positive impact on operating income of
SEK 1,826 M.
- Earnings per share amounted to SEK
3.26 (3.93).
- Operating cash flow in the Industrial Operations amounted to
SEK 18,918 M (23,579).
THE FULL YEAR 2022
- Full year net sales were SEK 473.5
billion (372.2).
- Adjusted operating income amounted to SEK 50,467 M (41,015) with an adjusted operating
margin of 10.7% (11.0).
- Reported operating income amounted to SEK 45,712 M (43,074).
- Earnings per share were SEK 16.09
(16.12).
- Operating cash flow in the Industrial Operations amounted to
SEK 35,327 M (29,440).
- Return on capital employed in the Industrial Operations
amounted to 27.4% (25.3).
- The Board of Directors proposes an ordinary dividend of
SEK 7.00 per share and an extra
dividend of SEK 7.00 per share.
Press and Analyst Conference Call. An online
presentation of the report, followed by a question and answer
session will be webcasted, starting at 09.00 CET.
More information, including an interview with CEO Martin Lundstedt, is available on
www.volvogroup.com/en/investors.html
January 26, 2023
Aktiebolaget Volvo (publ) 556012-5790
Investor Relations
SE-405 08 Göteborg, Sweden
Tel +46 31 66 00 00
www.volvogroup.com
Contact Media Relations:
Claes Eliasson +46 765 53 72 29
Contacts Investor Relations:
Christer Johansson +46 739 02 25 22
Johan Bartler +46 739 02 21 93
Anders Christensson +46 765 53 59 66
This information is information that AB Volvo (publ) is
obliged to make public pursuant to the EU Market Abuse Regulation
and the Securities Markets Act. The information was submitted for
publication, through the agency of the contact person set out
above, at 07.20 CET on January 26,
2023.
For more information, please visit volvogroup.com
For frequent updates, follow us on Twitter: @volvogroup
The Volvo Group drives prosperity through transport and
infrastructure solutions, offering trucks, buses, construction
equipment, power solutions for marine and industrial applications,
financing and services that increase our customers' uptime and
productivity. Founded in 1927, the Volvo Group is committed to
shaping the future landscape of sustainable transport and
infrastructure solutions. The Volvo Group is headquartered in
Gothenburg, Sweden, employs almost
95,000 people and serves customers in more than 190 markets. In
2021, net sales amounted to SEK 372
billion (EUR)
The following files are available for download:
https://mb.cision.com/Main/39/3703499/1805260.pdf
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SOURCE AB Volvo