Volvo surprised with better-than-expected results especially in trucks with the order intake soaring 61% yoy and even 167% yoy in North America. Cash generation is finally back leading to an industrial net cash position up 19% yoy and supporting a SEK15 dividend proposal. Looking into 2021, Volvo is confident of a maintained demand for trucks and raised its forecasts by 90,000 units.
17 Feb 2021
Demand for trucks is back
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Demand for trucks is back
Volvo surprised with better-than-expected results especially in trucks with the order intake soaring 61% yoy and even 167% yoy in North America. Cash generation is finally back leading to an industrial net cash position up 19% yoy and supporting a SEK15 dividend proposal. Looking into 2021, Volvo is confident of a maintained demand for trucks and raised its forecasts by 90,000 units.