Volvo AB : Concerns remain…
>Slight miss on Q4 adj.EBIT but margin well below - Volvo yesterday published Q4 results (first take here) which came out ahead of expectations on revenue (+11% vs Infront consensus), slightly below on adj.EBIT (-3% vs css, implying margin of 9.1% vs 10.3%e), and well below on net result (-26% vs css on the back of a SEK 630m one-off provision linked with the 2016 antitrust case, as well as a SEK 1.2bn revaluation effect on hedge instruments). Volvo continues to show...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.
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