Shareholders in the truck and bus manufacturer Volvo are invited to the Annual General Meeting on Wednesday, April 8, in Göteborg. Shareholders also have the option to vote by mail in advance.
The board proposes that the meeting decide on a dividend of 13 kronor per share, consisting of 8.50 kronor in ordinary dividend and 4.50 kronor in extra dividend.
The board's proposal has been known for some time. Board member Matti Alahuhta has declined re-election.
Re-election is proposed for Chairman Pär Boman as well as board members Bo Annvik, Jan Carlson, Eric Elzvik, Martha Finn Brooks, Kurt Jofs, Martin Lundstedt, Kathryn V. Marinello, Martina Merz, and Helena Stjernholm.
AB Volvo is the leading European truck maker and No. 3 worldwide. Net sales break down by activity as follows:
- sales of trucks (68.4%): 219,377 vehicles sold in 2024 (names Volvo, Renault, Eicher and Mack);
- sales of construction equipment (16.8%): excavators, loaders, backhoes, hydraulic shovels, graders, dump trucks, etc.;
- financial services (5.1%);
- bus and chassis sales (4.7%): world's No. 2 largest manufacturer;
- sales of parts, control systems, and marine and industrial motors (3.8%): for commerce and cruise ships and for industrial applications (irrigation units, lifting trucks, electrical generators, etc.);
- other (1.2%).
Net sales are distributed geographically as follows: Europe (41.1%), North America (30.8%), Asia (11.2%), South America (10.7%), Africa and Oceania (6.2%).
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