Volvo AB CL (VOLVY.PK) has reported a decline in its fourth-quarter profits compared to the same period last year. The company's earnings were SEK 10.742 billion, equating to SEK 5.28 per share, down from the previous year's SEK 12.053 billion, or SEK 5.93 per share.
Revenue for the quarter experienced a 6.5% decrease, coming in at SEK 138.413 billion, as opposed to SEK 147.988 billion during the same timeframe last year.
Examining Volvo AB CL's financial figures under GAAP:
- Earnings: SEK 10.742 billion compared to SEK 12.053 billion in the previous year.
- Earnings per Share (EPS): SEK 5.28 versus SEK 5.93 last year.
- Revenue: SEK 138.413 billion against SEK 147.988 billion last year.
The Group's sales for the fourth quarter, adjusted for currency fluctuations, dropped by 6 percent to SEK 138.4 billion. Sales of vehicles fell by 7 percent when compared to 2023, while service sales remained consistent with last year's performance.
The Trucks segment specifically reported sales of SEK 95.478 billion, a decline from SEK 99.896 billion recorded in the corresponding quarter the previous year.
For the upcoming 2024 fiscal year, the Board has recommended a regular dividend of SEK 8 per share, and an additional special dividend of SEK 10.50 per share.
