Volvo AB : Q1 results highlight resilience in trucks, erosion in construction equipment
>Q1 results beat the consensus but in line with our figures - Volvo just reported Q1 results which came above the consensus but in line with our figures. In detail, Q1 revenues was SEK 131.2bn, flat y-o-y, broadly in line with expectations (Infront consensus at SEK 129 bn, ODDO BHF SEK 132bn). Adj. EBIT was SEK 18.2bn, -2% y-o-y, i.e. a margin of 13.8% (-20bp y-o-y), ahead of consensus expectations (SEK 17.0bn) but in line with our own figures (SEK 18.1 bn). EPS was S...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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