Volvo’s revenue and profit growth numbers have recovered in Q4 16. This has resulted in a full-year sales decrease of ‘only’ 3.4% to SEK302bn (-5.8% in 9M 16) and an EBIT fall of 19% to SEK21bn (-27% in 9M). Both numbers are ahead of our projected SEK296bn and SEK17.4bn (excluding disposal gains of SEK2.26bn). As management is also quite optimistic for 2017, it proposes to increase the dividend from SEK3 to SEK3.25 (we had expected an unchanged dividend).
01 Feb 2017
Except for cash generation, most 2016 numbers were fine
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Except for cash generation, most 2016 numbers were fine
Volvo AB Class B (VOLVB:PRA) | 0 0 1.2% | Mkt Cap: 328,497m
- Published:
01 Feb 2017 -
Author:
Hans-Peter Wodniok -
Pages:
3
Volvo’s revenue and profit growth numbers have recovered in Q4 16. This has resulted in a full-year sales decrease of ‘only’ 3.4% to SEK302bn (-5.8% in 9M 16) and an EBIT fall of 19% to SEK21bn (-27% in 9M). Both numbers are ahead of our projected SEK296bn and SEK17.4bn (excluding disposal gains of SEK2.26bn). As management is also quite optimistic for 2017, it proposes to increase the dividend from SEK3 to SEK3.25 (we had expected an unchanged dividend).