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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  AB Volvo    VOLV B   SE0000115446

AB VOLVO

(VOLV B)
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Delayed Quote. Delayed NASDAQ OMX STOCKHOLM - 07/10 11:29:54 am
153.3 SEK   +0.82%
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Geely's Volvo Cars sales soar 40% in May vs. month-ago as virus curbs ease

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06/03/2020 | 04:19am EDT
FILE PHOTO: The logo of  Volvo is seen on the front grill of a Volvo truck in a customer showroom at its company headquarters in Gothenburg

Volvo Cars, owned by China's Geely Holding [GEELY.UL], said on Wednesday it sold 40% more cars in May than in April, as restrictions to contain the spread of the COVID-19 pandemic started to ease in several markets.

While still down 25.5% in May from a year earlier, the Swedish car maker sold 44,380 cars in the month compared to the 31,760 sold in April, helped by improving showroom traffic trends in Europe, a quicker than expected recovery in the United States, and strong growth in China.

Volvo said China sales grew 21.8% in May, while U.S sales inched down 2.5% year-on-year but bounced back strongly from April as states started to ease restrictions in place due to the pandemic.

Its sales in Europe fell around 50% in the month, still heavily impacted by restrictions in many countries, but Volvo said the region had shown signs of recovery compared with the previous month.

(Reporting by Johannes Hellstrom; Editing by Muralikumar Anantharaman)

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Latest news on AB VOLVO
07/09VOLVO PUBL : The delanchy group confirms its commitment to electric mobility wit..
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07/08VOLVO B : Morgan Stanley reaffirms its Sell rating
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07/08VOLVO B : Buy rating from Jefferies
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07/07VOLVO B : Receives a Buy rating from Goldman Sachs
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07/06VOLVO B : Buy rating from Goldman Sachs
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More news
Financials
Sales 2020 328 B 35 664 M 35 664 M
Net income 2020 10 736 M 1 167 M 1 167 M
Net cash 2020 49 184 M 5 347 M 5 347 M
P/E ratio 2020 31,7x
Yield 2020 4,01%
Capitalization 312 B 33 923 M 33 866 M
EV / Sales 2019
EV / Sales 2020 0,80x
Nbr of Employees 91 163
Free-Float 87,6%
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Technical analysis trends AB VOLVO
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 160,89 SEK
Last Close Price 153,30 SEK
Spread / Highest target 30,5%
Spread / Average Target 4,95%
Spread / Lowest Target -24,3%
EPS Revisions
Managers
NameTitle
Martin Lundstedt President, Chief Executive Officer & Director
Carl-Henric Svanberg Chairman
Jan Ohlsson Executive Vice President-Group Trucks Operations
Jan Olof Ytterberg Chief Financial Officer & EVP-Group Finance
Lars Stenqvist CTO & Executive VP-Group Trucks Technology
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