Shulou(Shulou.com)11/24 Report--

CTOnews.com January 31 news, Volvo Group has released the fourth quarter of 2022 and full year financial results.

Volvo Group's net sales for 2022 reached 473.5 billion Swedish kronor (307.2 billion yuan), up 27 percent year-on-year, according to the financial report. Among them, Volvo Group's net sales in the fourth quarter of 2022 reached 134.3 billion Swedish kronor (87.1 billion yuan), up 31% year-on-year.

CTOnews.com understands that Volvo Group President and CEO Martin Lundstedt said that in 2022, Volvo Group has strong growth momentum, profitability and cash flow performance. Full year net sales increased by more than SEK 100 billion, adjusted operating profit increased by SEK 50.5 billion, and adjusted operating margin was 10.7%.

The key financial data of Volvo Group for the fourth quarter and full year of 2022 are as follows:

the fourth quarter of 2022

In the fourth quarter of 2022, Volvo Group net sales increased by 31% to SEK 134.3 billion (compared to SEK 102.4 billion in the same period last year). Adjusted sales revenue increased 17 percent due to currency fluctuations.

Adjusted operating profit was SEK 12.171 billion (year-ago: SEK 10.060 billion), and adjusted operating margin was 9.1%(year-ago: SEK 9.8%). Adjusted operating profit excludes SEK 630 million claims relating to the European Commission's 2016 antitrust settlement ruling.

Reported operating profit was SEK 11.541 billion (compared to SEK 10.219 billion in the same period last year).

The positive impact of exchange rate fluctuations on operating profit amounted to SEK 1.826 billion.

Earnings per share were SEK 3.26 (compared to SEK 3.93 in the same period last year).

Cash flow from operating activities in the Industrial Operations segment was SEK 18.918 billion (23.579 billion in the same period last year).

All year 2022

Net sales for the year amounted to SEK 473.5 billion (372.2 billion in the same period last year).

Adjusted operating profit was SEK 50.467 billion (year-ago: SEK 41.015 billion), and adjusted operating margin was 10.7%(year-ago: SEK 11.0%).

Reported operating profit of SEK 45.712 billion (compared to SEK 43.074 billion in the same period last year)

Earnings per share were SEK 16.09 (compared to SEK 16.12 a year ago).

Cash flow from operating activities in the Industrial Operations segment was SEK 35.327 billion (29.440 billion in the same period last year).

Return on capital for Industrial Operations was 27.4%(25.3% in the same period last year).

The Board proposes a dividend of SEK 7.00 per ordinary share and an additional dividend of SEK 7.00 per share.

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