Speculation regarding a spin-off of Volvo CE has persisted in the equity markets for over a decade and has gained fresh momentum since Volvo scheduled Wednesday's Capital Markets Day in Eskilstuna, where the division is headquartered.

However, several experts interviewed by EFN are dismissing the likelihood of such an announcement at this time.

'One analyst called me and suggested there is a less than 50 percent chance they announce a spin-off of VCE. I would say it is less than 5 percent; it is far too early,' says Lars Söderfjell, Head of Equities at Ålandsbanken.

Handelsbanken's Hampus Engellau and Danske Bank's Björn Enarson also view a spin-off as unlikely in the short term. Instead, the focus is expected to remain on Volvo CE's growth opportunities, the Swecon acquisition, capital allocation, margin resilience, Chinese competition, and the development of autonomous vehicles.

According to the experts, Volvo may also signal an increased appetite for acquisitions within construction equipment and the aftermarket segment.