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


Delayed Quote. Delayed NASDAQ OMX STOCKHOLM - 01/22 11:29:32 am
217.4 SEK   +0.09%
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01/20AB VOLVO : Invitation to the Volvo Group report on the fourth quarter 2020
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Volvo : Renault Trucks and Carlsberg Group together towards carbon neutral distribution

11/25/2020 | 04:01am EST

On Tuesday, 24[th] of November, 2020, in Rheinfelden, Switzerland, Bruno Blin, President of the Volvo Group subsidiary Renault Trucks, handed over the keys of a D Wide Z.E. to Thomas Amstutz, CEO of Feldschlösschen, a subsidiary of the Carlsberg Group. The vehicle is the first one to be delivered from the historic order consisting of twenty 26-tonne Renault Trucks D Wide Z.E. vehicles that will operate in Feldschlösschen's daily business. Through the use of electric trucks, the Carlsberg Group and Feldschlösschen show that carbon neutral distribution can be achieved.

Last February, Renault Trucks (https://www.renault-trucks.com/) took a key step towards transforming urban transport by announcing the signing of a historic contract (https://www.volvogroup.com/en-en/news/2020/feb/news-3557599.html) with the Carlsberg Group for the delivery of twenty D Wide Z.E. 26-ton trucks. Bruno Blin, President of the Volvo Group subsidiary Renault Trucks, today handed Thomas Amstutz, CEO of Feldschlösschen, the keys to a D Wide Z.E., the first vehicle of the order for twenty fully-electric trucks placed by the Swiss brewery.

"I'm convinced that electric mobility is the solution when it comes to environmental and climate issues, both for ourselves and for future generations," declared Bruno Blin, President of Renault Trucks. "I'm delighted that Renault Trucks is supporting Feldschlösschen and Carlsberg, a pioneering group when it comes to investing in electric technology. The transportation industry is experiencing a major shift. Our industry is set to change more in the next ten years than it has over the past century and through this partnership Carlsberg and Renault Trucks are showing the way forward."

Thomas Amstutz, CEO of Feldschlösschen (https://feldschloesschen.swiss/en/), continues: "We are proud to see our pioneering work with electric trucks, which began several years ago now, finally paying off. We are the first company in Switzerland and even Europe to use these environmentally friendly trucks for beverage transport. Our ambition is to take on a leading role not only in the development of beers and beverages, but also in beverage logistics and climate protection."
Indeed, Feldschlösschen and the Carlsberg Group (https://www.carlsberggroup.com/), which are strongly committed to environmental protection and reducing global warming, are systematically pursuing the objectives of their `Together Towards ZERO' sustainability strategy and aim to reach a CO2-neutral distribution. To help Feldschlösschen achieve these objectives they will use renewable electricity for the last few miles and rail transport for long distances.
Renault Trucks electric vehicles, a comprehensive zero-emission range

Renault Trucks provides a comprehensive range of fully-electric vehicles from 3.1 to 26 tons. Hauliers seeking to reduce their carbon footprint can acquire a 100% electric truck for immediate use.

Electric vehicles respect air quality by emitting neither CO2 nor NOx (nitrogen oxide) when in use. They can be driven regardless of any restrictions put in place by municipalities, even during periods of peak pollution. As they are silent, they can be used in city centres at night, thereby respecting the sleep of local residents and helping traffic flow more freely during the day.

Renault Trucks is currently one of the first industrial vehicle manufacturers to produce series electric trucks in its Normandy factory at Blainville-sur-Orne.

Renault Trucks D Wide Z.E., technical specificities
- GVW: 26 t Weight: 27 t.
- Available wheelbase: 3,900 mm
- Two electric motors with a total rating of 370 kW (260 kW continuous output)
- Maximum torque of electric motors: 850 Nm
- Maximum torque rear axle: 28 kNm.
- Two-speed gear box
- Energy storage: lithium-ion batteries, 200 kWh to 265 kWh.
- Real-world operating range: up to 180 km
November 25, 2020

Journalists wanting further information, please contact
Séveryne Molard, Renault Trucks Media Relations, +33 (0)4 81 93 09 52


For more information, please visit volvogroup.com/electromobility (https://www.volvogroup.com/en-en/innovation/electromobility.html)

The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers' uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs almost 100.000 people and serves customers in more than 190 markets. In 2019, net sales amounted to about SEK 432 billion (EUR 40.5 billion). Volvo shares are listed on Nasdaq Stockholm.




(c) 2020 Cision. All rights reserved., source Press Releases - English

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Sales 2020 338 B 40 772 M 40 772 M
Net income 2020 16 410 M 1 980 M 1 980 M
Net cash 2020 50 232 M 6 061 M 6 061 M
P/E ratio 2020 26,8x
Yield 2020 2,57%
Capitalization 443 B 53 383 M 53 396 M
EV / Sales 2020 1,16x
EV / Sales 2021 1,03x
Nbr of Employees 88 889
Free-Float 91,8%
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 222,95 SEK
Last Close Price 217,40 SEK
Spread / Highest target 32,5%
Spread / Average Target 2,55%
Spread / Lowest Target -35,6%
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Managers and Directors
Martin Lundstedt President, Chief Executive Officer & Director
Carl-Henric Svanberg Chairman
Jan Olof Ytterberg Chief Financial Officer & EVP-Group Finance
Lars Stenqvist CTO & Executive VP-Group Trucks Technology
Hanne Jimenez de Mora Independent Director
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