Daimler, Volvo, Traton form ?500M heavy-duty trucks charging venture

  • Volvo Group (OTCPK:VOLVY), Daimler Truck (OTCPK:DDAIF) and the TRATON (OTCPK:TRATF) have signed a non-binding agreement to install and operate a high-performance public charging network for battery electric heavy-duty long-haul trucks and coaches across Europe.
  • The future joint venture equally owned by the three parties will operate under its own corporate identity and be based in Amsterdam, Netherlands.
  • Operations to begin in 2022 with total investment of ?500M to install and operate at least 1,700 high-performance green energy charging points close to highways as well as at logistic and destination points, within five years from the establishment of the JV.
  • The signing of a JV agreement can be expected by the end of 2021.

    For this year the company, based in Goeteborg revenue will be around 371.14 billion SEK. This is according to the average of the analysts' estimates. This is slightly more than 2021's revenue of 338.45 billion SEK.

    Historical revenues and results Volvo plus estimates 2021

    fundamantele data

    The analysts expect for 2021 a net profit of 30.87 billion SEK. For this year the consensus of Volvo 's result per share is a profit of 15.08 SEK. So the price/earnings-ratio equals 13.04.

    Huge dividend Volvo

    Analysts expect a dividend of 6.64 SEK per share. Thus the dividend yield equals 3.38 percent. The average dividend yield of the automobile producers is a good 2.75 percent.

    Based on the current number of shares Volvo 's market capitalization equals 310.12 billion SEK. 42

    Historical stock prices Volvo past 10 years

    equity research volvo

    At 18.00 the stock trades 2.49 percent lower at 196.62 SEK.

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