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    VOLV B   SE0000115446

AB VOLVO

(VOLV B)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 12/08 11:02:42 am
202.475 SEK   -1.09%
12/07VOLVO B : UBS reaffirms its Sell rating
MD
12/07Bilia to Sell Four Volvo Cars, Renault Service Facilities in Sweden
MT
12/07Freight firm DSV launches service to help clients cut transport emissions
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Truck Maker Volvo Launches First Vehicle Made of 'Fossil-Free' Steel From SSAB

10/13/2021 | 07:13am EST

By Dominic Chopping

STOCKHOLM--Swedish truck maker Volvo AB said Wednesday it has launched its first vehicle made of "fossil-free" steel from SSAB AB.

The machine launched Wednesday is a load carrier for use in mining and quarrying, and Volvo said that more vehicles will follow in 2022 in what will be a series of concept vehicles and components using SSAB's fossil-free steel.

"A move toward green steel is an important step for Volvo Group, as well as for the transport and infrastructure industries as a whole, particularly considering that around 70% of a truck's weight comes from steel and cast iron, with the figure for Volvo machines even higher," Volvo said.

"This first concept machine, produced at Volvo Construction Equipment's facility in Braas, is just the start, with smaller-scale series production planned by 2022, and mass production set to follow."

Volvo has committed to be climate-neutral and achieve net zero value chain greenhouse gas emissions by 2040.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

10-13-21 0712ET

Stocks mentioned in the article
ChangeLast1st jan.
AB VOLVO -1.10% 202.4 Delayed Quote.5.62%
SSAB AB 1.29% 47.68 Delayed Quote.60.82%
All news about AB VOLVO
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Analyst Recommendations on AB VOLVO
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Financials
Sales 2021 365 B 40 192 M 40 192 M
Net income 2021 32 098 M 3 536 M 3 536 M
Net cash 2021 40 647 M 4 478 M 4 478 M
P/E ratio 2021 12,9x
Yield 2021 3,12%
Capitalization 417 B 45 720 M 45 962 M
EV / Sales 2021 1,03x
EV / Sales 2022 0,91x
Nbr of Employees 81 692
Free-Float 83,6%
Chart AB VOLVO
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Technical analysis trends AB VOLVO
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 204,70 SEK
Average target price 243,20 SEK
Spread / Average Target 18,8%
EPS Revisions
Managers and Directors
Martin Lundstedt President, Chief Executive Officer & Director
Jan Olof Ytterberg Chief Financial Officer & EVP-Group Finance
Carl-Henric Svanberg Chairman
Lars Stenqvist CTO & Executive VP-Group Trucks Technology
Sofia Frńndberg Secretary, Executive VP-Group Legal & Compliance
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