Volvo AB : Welcome strength in the current context
>Q2 better than expected thanks to solid volumes and forex - Yesterday morning Volvo AB reported better-than-expected Q2 results with sales of SEK 118.9bn, up +31% y-o-y (+20% at constant FX), +13% q-o-q, vs Visible Alpha consensus at SEK 105.3bn and ODDO BHF at SEK 107.8bn, reflecting an improvement in supply conditions (1-week production stoppage vs 4 weeks in Q2 2021), which enabled the group to better deliver on its solid truck backlog (truck deliveries at 61k, +...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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