Stockholm-listed shares of Volvo Cars fell over 5% on Friday after major Swedish financial daily newspaper Dagens Industri (DI) reported that the automaker could issue a profit warning ahead of its th...
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Volvo Cars is raging on the stock market – despite the promise of 13 new car models. Analysts are worried that Volvo may be forced to issue a profit warning. – The car giant risks showing a loss in the third quarter – when a number of problems pile up on top of each other, writes Magnus Dagel in his analysis in DI. Volvo Cars is making big bets and promised 13 new car models during its capital markets day. […]
In the short term, things look tough for Volvo Cars. The car giant risks posting a loss in the third quarter – as a number of problems pile up.
However, analysts are still expecting a profit of one billion, so a profit warning cannot be ruled out.