Management has changed the financial targets for the Volvo Group from benchmark targets for the divisions to absolute targets for consolidated accounts.
The previous goals were requiring the individual divisions (i.e. Trucks, Buses, Construction Equipment and Penta) to generate profit margins that were ranked amongst the top two of the respective industries. The new targets are a consolidated EBIT margin >10% over an entire business cycle.
We find this target as being extremely ambitious and, ....
01 Sep 2017
New financial targets
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New financial targets
Volvo AB Class B (VOLVB:PRA) | 0 0 1.2% | Mkt Cap: 328,497m
- Published:
01 Sep 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
Management has changed the financial targets for the Volvo Group from benchmark targets for the divisions to absolute targets for consolidated accounts.
The previous goals were requiring the individual divisions (i.e. Trucks, Buses, Construction Equipment and Penta) to generate profit margins that were ranked amongst the top two of the respective industries. The new targets are a consolidated EBIT margin >10% over an entire business cycle.
We find this target as being extremely ambitious and, ....