AB Volvo (publ)

OM-VOLV B

Overview Financials Investor Relations Estimates Ownership Industry Dividends Modeling Filings

Income Statement	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Operating Revenues						417,110	324,486	358,779	456,124	528,752	526,077
Finance Div. Revenues						14,870	13,960	13,437	17,355	24,012	26,125
Total Revenues						431,980	338,446	372,216	473,479	552,764	552,202
Total Revenues % Chg.						10.5%	-21.7%	10%	27.2%	16.7%	5.9%
Cost of Goods Sold, Total						316,512	250,944	274,763	351,100	387,058	382,705
Finance Div. Operating Exp.						12,103	12,396	10,149	16,508	20,288	22,157
Gross Profit						103,365	75,106	87,304	105,871	145,418	147,340
Selling General & Admin Expenses, Total						37,663	28,896	26,434	31,933	37,722	39,320
R&D Expenses						18,539	16,798	18,027	22,526	26,645	28,882
Other Operating Expenses						1,913	995	1,500	4,498	917	-7,622
Other Operating Expenses, Total						58,115	46,689	45,961	58,957	65,284	60,580
Operating Income						45,250	28,417	41,343	46,914	80,134	86,760
Interest Expense, Total						-1,674	-1,349	-1,167	-1,205	-1,167	-1,040
Interest And Investment Income						605	299	358	1,140	2,690	2,991
Net Interest Expenses						-1,069	-1,050	-809	-65	1,523	1,951
Income (Loss) On Equity Invest.						1,859	1,749	-54	-1,333	-2,568	-2,565
Currency Exchange Gains (Loss)						-538	-227	-24	-331	-851	-851
Other Non Operating Income (Expenses)						-806	-292	949	-108	-729	-17
EBT, Excl. Unusual Items						44,696	28,597	41,405	45,077	77,509	85,278
Restructuring Charges						-204	-2,703	157	—	-2,570	-2,570
Gain (Loss) On Sale Of Investments	—	—	—	—	—	—	-3	-15	—	-14	-12
Gain (Loss) On Sale Of Assets						2,341	25	1,643	—	-2,199	-2,199
Legal Settlements		—		—	—	—	—	—	—	-6,000	-6,000
Other Unusual Items	—		—	—	—	—	—	—	—	—	—
EBT, Incl. Unusual Items						46,833	25,916	43,190	45,077	66,726	74,497
Income Tax Expense						10,337	5,843	9,947	12,108	16,794	18,632
Earnings From Continuing Operations						36,496	20,073	33,243	32,969	49,932	55,865
Minority Interest						-635	-755	-456	-247	-107	-89
Net Income						35,861	19,318	32,787	32,722	49,825	55,776
Net Income to Common Incl Extra Items						35,861	19,318	32,787	32,722	49,825	55,776
Net Income to Common Excl. Extra Items						35,861	19,318	32,787	32,722	49,825	55,776
Total Shares Outstanding						2,033.5	2,033.5	2,033.5	2,033.5	2,033.5	2,033.5
Weighted Avg. Shares Outstanding						2,033	2,033	2,033	2,033	2,033	2,033
Weighted Avg. Shares Outstanding Dil						2,033	2,033	2,033	2,033	2,033	2,033
EPS						17.6	9.5	16.1	16.1	24.5	27.4
EPS Diluted						17.6	9.5	16.1	16.1	24.5	27.4
EBITDA						50,864	32,665	46,811	52,854	86,461	93,508
Effective Tax Rate						22.1%	22.5%	23%	26.9%	25.2%	25%