An Arbitration Tribunal has granted Volvo a compensation payment of some SEK800m from a supplier. Many years ago, this supplier delivered defective components and Volvo had asked for compensation which was rejected. The Tribunal has now decided that Volvo was right and this decision seems to be final. It raises our current 2015 pre-tax profit forecast by some 4%.
10 Nov 2015
SEK800m one-off gain has been realised
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SEK800m one-off gain has been realised
Volvo AB Class B (VOLVB:PRA) | 0 0 1.2% | Mkt Cap: 328,497m
- Published:
10 Nov 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
An Arbitration Tribunal has granted Volvo a compensation payment of some SEK800m from a supplier. Many years ago, this supplier delivered defective components and Volvo had asked for compensation which was rejected. The Tribunal has now decided that Volvo was right and this decision seems to be final. It raises our current 2015 pre-tax profit forecast by some 4%.