Volvo: Cautious comments about North America shed shares – SHB – Dagens Industri

Volvo: Cautious comments about North America shed shares – SHB

                  2015-07-17 11:38
             

 (SIX) Volvo shares opened strongly on the stock market opening but are now falling  back sharply, then the acting Volvo CEO Jan Gurander  flagged to the market in North America reached its peak. It says  Handelsbanken analyst Hampus Engellau workshop for SIX News.       "The share is down because you talk a bit cautious about  North America, even if you do not actually see anything. The US is in a  strong cycle and the company points out that the peak is this year. And it is  really nothing strange, the market has already anticipated it but  has nevertheless chosen to take the of this day, "he says.       "Right now choose simply to interpret everything negatively, which I  think is wrong. "       He also points out that the market affected by that Volvo does not look  To achieve its savings target of 10 billion in 2016, compared  in 2012, thanks to exchange rate fluctuation. He adds, however, that  the Company's views about currency fluctuations  affecting  saving package negative is somewhat misleading, as the currency is at the same time  affect revenues and earnings.       "There can criticize is well following: If you are playing with the idea that  the currency is unchanged compared with last year, and you get 5.5 billion  in savings. Then you also remove valutamedvinden on earnings  and then there will be underlying earnings rather bad, although pretty  much savings, "said Engellau.       The share falls at 11:38 by 5.8 percent, after opening  up nearly 3 percent. The conference began at 09.00.      Arvid Raa  mailto: arvid.raa@six-group.se  www.blogg.six.seSIXNews  SIX News