The U.S. Stock Research Agency learned that according to Zhitong Financial News, Swedish commercial vehicle manufacturer Volvo (VLVLY. US) on Friday announced its fourth quarter and full year 2021 financial results, showing that its fourth quarter continuing operating profit fell to SEK 8.07 billion from SEK 9.36 billion last year, and earnings per basic and diluted share were SEK 3.93, down from SEK 4.53 in the year-ago quarter. Profit from continuing operations for the full year 2021 was 33,243 million crowns, compared to 20,074 million crowns in the year-ago quarter.
Volvo's adjusted operating profit for the fourth quarter was SEK 10.06 billion, down from SEK 10,934 million in the year-ago quarter and down 8% year-on-year; Adjusted operating margin was 9.8 percent, down from 11.3 percent in the year-ago quarter. Adjusted operating profit for the full year 2021 was CZK41,015 million, up 44% year-on-year, and adjusted operating margin was 11% for the full year, compared to 8.4% in the same period last year.
Volvo's fourth-quarter net sales increased by 6% year-on-year from CZK 96.9 billion last year to CZK 102.38 billion. Net sales for the full year 2021 were CZK372,216 million, up 10% year-on-year.
Volvo Q4 new orders fell by 21% to 68,333 units from 86,069 units in the same period last year. Total new orders for the full year 2021 were 262,873 units, up 26% year-on-year. Total Volvo Q4 deliveries increased to 60,360 units from 56,334 units in the same period last year, up 7% year-on-year; Total deliveries in 2021 were 202,458 units, up 21% year-over-year.
As of 2021, Volvo's operating cash flow was 29,440 million crowns, compared to 18,545 million crowns for the same period in 2020. The Board of Directors of the Company proposes an ordinary dividend of 6.50 CZK per share and an additional dividend of 6.50 CZK per share.
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