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    VOLV B   SE0000115446

AB VOLVO

(VOLV B)
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Delayed Nasdaq Stockholm  -  11:29 2022-08-09 am EDT
179.62 SEK   -1.19%
08/03Volvo Starts Process to Establish Plant for Battery Production in Sweden
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08/03Volvo Cars' July Sales Tumble 22% Amid Supply Constraints
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08/03Volvo Cars July sales drop 21.5%, sees improvement ahead
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Volvo Considers Partial Divestments to Scale Down Business in Russia

07/05/2022 | 12:33pm EDT

By Jaime Llinares Taboada


Volvo AB said Tuesday that it is considering options including partial divestments to adapt to the situation in Russia.

The Swedish company told Dow Jones Newswires that it isn't possible for it to operate in Russia under the current circumstances and has made the decision to adapt by scaling down its operations in the country and reducing the number of staff.

"It is our ambition to reduce our business in a responsible manner and we are considering different options, including divesting parts of the business," a spokesperson said.

Volvo suspended all sales, service and production in Russia since sanctions were imposed.


Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT


(END) Dow Jones Newswires

07-05-22 1232ET

Stocks mentioned in the article
ChangeLast1st jan.
AB VOLVO -1.19% 179.62 Delayed Quote.-13.29%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -1.09% 60.4602 Delayed Quote.-19.25%
All news about AB VOLVO
08/03Volvo Starts Process to Establish Plant for Battery Production in Sweden
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08/03Volvo Cars' July Sales Tumble 22% Amid Supply Constraints
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08/03Volvo Cars July sales drop 21.5%, sees improvement ahead
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08/03Volvo Car Sales Fell 21.5% in July as Supply Constraints Continued
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Analyst Recommendations on AB VOLVO
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Financials
Sales 2022 440 B 43 393 M 43 393 M
Net income 2022 34 955 M 3 447 M 3 447 M
Net cash 2022 54 685 M 5 392 M 5 392 M
P/E ratio 2022 10,7x
Yield 2022 7,28%
Capitalization 372 B 36 721 M 36 721 M
EV / Sales 2022 0,72x
EV / Sales 2023 0,69x
Nbr of Employees 85 329
Free-Float 83,6%
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Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 181,78 SEK
Average target price 225,65 SEK
Spread / Average Target 24,1%
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Managers and Directors
Martin Lundstedt President, Chief Executive Officer & Director
Tina Hultkvist Chief Financial Officer
Carl-Henric Svanberg Chairman
Sofia Frńndberg Legal Counsel
Hanne Jimenez de Mora Independent Director
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