Volvo AB : Q1/FY2024 preview: resilience in trucks, normalisation underway in CE
>A more robust truck environment; scenario upgraded - Following our pre-close call with Volvo, we have updated our 2024 scenario. As a reminder, we had not revised our Volvo scenario since Q3 results, considering Q4 figures had come broadly in line (both for Q4 results and guidance, with a 2024 market scenario unchanged by the group). However, in light of recent releases from peers and the reassuring (or even confident) messages that they conveyed on 2024, we now see ...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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