Volvo AB : Q3 results highlighting some weaknesses
>Q3 results mostly below, weak Truck/CE offset by strong Bus / Penta - Volvo AB reported this morning its Q3 2024 results which were mostly below expectations (-4% at the revenues level, in line on EBIT, -12% on EPS). In detail, Q3 were at revenues at SEK 116.9bn, -12% y-o-y, -12% q-o-q (-7% at constant currency), below expectations (company-compiled css at SEK 121bn, ODDO BHF at SEK 126bn), while adj. EBIT came in at SEK 14.9bn, -22% y-o-y, -23% q-o-q, below exp...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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