GOTHENBURG, Sweden, Feb. 28,
2023 /PRNewswire/ -- Volvo Group today
published the Annual Report 2022 on
www.volvogroup.com. During the year, the Volvo Group
delivered solid profitability, good return to shareholders and
accelerated the transformation in yet another challenging year with
geopolitical turmoil, supply chain constraints and high
inflationary pressure.
"We have a strong foundation in terms of our strong financial
position, customer relations, industrial backbone, technology,
products and services and – most importantly – people. These
qualities and capabilities will be equally important as we move
forward, working together with our customers and partners – shaping
the world we want to live in," says Martin
Lundstedt, President and CEO.
In 2022, the Volvo Group's net sales increased by over
SEK 100 billion to SEK 473.5 billion and the adjusted operating
income rose to SEK 50.5 billion
(41.0), with an adjusted operating margin of 10.7% (11.0). Return
on capital employed in the Industrial Operations increased to 27.4%
(25.3).
Several transformation milestones to decarbonize the transport
system were also passed. This transition is not only vital for a
sustainable future, it also delivers on our customers' commitments
to reduce their CO2 emissions and it drives growth for the Volvo
Group.
February 28, 2023
Journalists wanting further information, please
contact:
Claes Eliasson, Volvo Group Media
Relations, +46 76 553 72 29
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 more
than 100,000 people and serves customers in almost 190 markets. In
2022, net sales amounted to SEK 473
billion (EUR 45 billion).
Volvo shares are listed on Nasdaq Stockholm.
The following files are available for download:
https://mb.cision.com/Main/39/3725013/1882136.pdf
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AB Volvo Annual Report
2022
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https://mb.cision.com/Main/39/3725013/1882137.zip
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abvolvo-2022-12-31-en.zip
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https://news.cision.com/ab-volvo/i/bild-arsredovisningen2022-1860x1050,c3149909
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Bild
Arsredovisningen2022 1860x1050
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https://mb.cision.com/Public/39/3725013/bb04be839612e635.pdf
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230228-ab-volvo-publishes-annunal-report-2022-en
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SOURCE AB Volvo