Volvo AB CL Q4 Profit Drops

(RTTNews) - Volvo AB CL (VOLVY.PK) revealed a profit for fourth quarter that decreased from last year

The company's earnings totaled SEK10.742 billion, or SEK5.28 per share. This compares with SEK12.053 billion, or SEK5.93 per share, last year.

The company's revenue for the period fell 6.5% to SEK138.413 billion from SEK147.988 billion last year.

Volvo AB CL earnings at a glance (GAAP) :

-Earnings: SEK10.742 Bln. vs. SEK12.053 Bln. last year. -EPS: SEK5.28 vs. SEK5.93 last year. -Revenue: SEK138.413 Bln vs. SEK147.988 Bln last year.

The Group’s fourth quarter sales decreased by 6 percent when adjusted for currency and amounted to SEK 138.4 billion, with sales of vehicles being 7 percent lower than in 2023 and sales of services being on par with the previous year.

For the fourth quarter, the Trucks segment reported sales of SEK 95.478 billion, lower than SEK 99.896 billion, registered for the same period last year.

For the full-year 2024, the Board has proposed an ordinary dividend of SEK 8 per share. In addition, it has also proposed an extra dividend of SEK 10.50 per share.