Q1'24 report due on 17 April at 7:20 CET. Higher Truck ASP offsets lower volumes. Maintain BUY and SEK 360 TP, trades at ~7x '24e EV/EBIT.

11 Apr 2024
High margins despite declining volumes

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High margins despite declining volumes
Volvo (VOLV-B:STO), 0 | Volvo Car AB Class B (VOLCAR.B:OME), 0 | Volvo AB Class B (VOLV.B:OME), 0 | Volvo Financial Services Empresa De Creditos SA Class A (VFSECAC1:LIM), 0
- Published:
11 Apr 2024 -
Author:
ABGSC Capital Goods Research | Olof Cederholm | Anders Idborg -
Pages:
11 -
Q1'24 report due on 17 April at 7:20 CET. Higher Truck ASP offsets lower volumes. Maintain BUY and SEK 360 TP, trades at ~7x '24e EV/EBIT.