Volvo AB : Buses and Penta save the day
>Q1 beats expectations thanks to Buses and Penta - Before the start of trading yesterday, Volvo released relatively robust Q2 results that beat expectations (+7% vs css for adjusted EBIT), buoyed by the good performances of Buses and Penta (engine and propulsion solutions), while the core Trucks and Construction Equipment divisions were in line with expectations (see details of the release in our First Take here). During the call, management as usual expressed confid...Volvo is a manufacturer of trucks, buses, construction equipment and marine and industrial engines. Co.'s activities are organized into six areas: Group Trucks, which sells and markets trucks under Eicher, Mack, Renault Trucks, UD Trucks and Volvo brands; Construction Equipment, which includes equipment for construction and related industries; Buses, which includes buses and bus chassis for city, intercity and coach traffic; Volvo Penta, which manufactures engines and drive systems for boats and commercial craft; Governmental Sales, which manufactures special-purpose vehicles; and Volvo Financial Services, providing customer financing and leasing, dealer financing and fee based products.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.