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AB Volvo (publ) (VLVLY)

Other OTC - Other OTC Delayed price. Currency in USD
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23.68-0.04 (-0.17%)
At close: 3:46PM EDT
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Trade prices are not sourced from all markets
Previous close23.72
Open23.42
Bid0.00 x 0
Ask0.00 x 0
Day's range23.39 - 23.71
52-week range16.94 - 28.18
Volume32,108
Avg. volume54,014
Market cap58.834B
Beta (5Y monthly)1.19
PE ratio (TTM)15.53
EPS (TTM)1.52
Earnings dateN/A
Forward dividend & yield1.75 (7.40%)
Ex-dividend date30 Jun 2021
1y target estN/A
  • ‘Really Annoying’ Chip Shortage Constrains Volvo Before IPO
    Bloomberg

    ‘Really Annoying’ Chip Shortage Constrains Volvo Before IPO

    (Bloomberg) -- Volvo Cars’s chief executive officer offered an unusually candid take on the chip shortage stifling the global auto industry, airing frustration about the supply issue before a potential stock listing.The Chinese-owned Swedish carmaker reported record first-half results Friday, including a 41% surge in vehicle sales. While CEO Hakan Samuelsson expects deliveries to be roughly flat in the second half, he said scarce semiconductor supplies are to blame for the lack of growth.“It’s r

  • Volvo Cars' earnings top pre-pandemic levels in boost ahead of possible IPO
    Reuters

    Volvo Cars' earnings top pre-pandemic levels in boost ahead of possible IPO

    STOCKHOLM (Reuters) -Volvo Cars reported a return to profit in the first half as demand for electric cars pushed earnings above pre-pandemic levels, putting the carmaker on a firmer footing as it considers a possible IPO this year. Sweden-based Volvo, owned by China's Geely Holding, said on Friday it made a first-half profit of 13.24 billion Swedish crowns ($1.52 billion), more than double its profit of 5.52 billion crowns in the corresponding period of 2019, before the coronavirus struck. Like several other automakers Volvo has been forced to cut production due to global shortages of semiconductors, but it said a strong market recovery from last year's plunge during the pandemic helped first-half revenue rise by 26% to 141 billion crowns.

  • Bloomberg

    Volvo to Take Control of China Operations From Parent Geely

    (Bloomberg) -- Volvo Cars has agreed to take control of its China ventures from parent Geely Automobile Holdings Ltd., potentially boosting its valuation ahead of a planned share sale.The deal will make Volvo the first major foreign automaker to gain full control over its Chinese operations, the Swedish company’s Chief Executive Officer Hakan Samuelsson said in a statement Wednesday. The companies declined to comment on terms of the deal.Next year, China is set to remove the 50% cap on foreign a