Volvo 2007 Annual Report Download - page 35
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Please find page 35 of the 2007 Volvo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.is, the share’s value growth plus reinvested divi-
dends, has amounted to an average of 39.6%
per year since 2003. This can be compared with
the average total return for the OMX Nordic
Exchange Stockholm in its entirety, which during
the same period was 23.2%, according to SIX.
For fi scal year 2007, the Board of Directors
proposes that the shareholders at the Annual
General Meeting approve an ordinary cash divi-
dend of SEK 5.50 per share.
Split and share redemption
At the Annual General Meeting of AB Volvo on
April 4, 2007, it was decided to carry out a 6:1
share split, with an automatic redemption of
every sixth share held for SEK 25 per share.
The share split was carried out on April 26, and
as a result, the number of common shares
increased fi ve-fold. Payment for the redemp-
tion shares took place on May 28, 2007.
Communication with the shareholders
Dialog with the shareholders is important for
Volvo. In addition to the Annual General Meet-
ing and a number of large-scale activities
aimed at professional investors, private share-
holders and stock market analysts, the rela-
tionship between Volvo and the stock market
is maintained through such events as press
and telephone conferences in conjunction
with the publication of interim reports, investor
meetings and visits, as well as road shows in
Europe, the US and Asia.
Through the website www.volvogroup.com it
is possible to access fi nancial reports for the
past 10 years and search for information con-
cerning the share, insider trading in Volvo,
earnings estimates and statistics for truck
deliveries. It is also possible to access infor-
mation concerning the Group’s governance,
including information about the Annual Gen-
Ownership by country1 , % Ownership categories1, %
Share capital, December 31, 2007
Registered number of shares
1 2,128,420,220
of which, Series A shares
2 677,601,630
of which, Series B shares
3 1,450,818,590
Quota value, SEK 1.20
Share capital, SEK M 2,554
Number of shareholders 197,519
Private persons 186,921
Legal entities 10,598
More details on the Volvo share, see note 23.
1 Following the repurchase of the Group’s own shares, the
number of outstanding shares was 2,025,637,433.
2 Series A shares carry one vote each.
3 Series B shares carry one tenth of a vote each.
The largest shareholders in AB Volvo,
December 31, 20071
Voting rights, %
Renault SA 20.5
Industrivärden 5.3
SHB 5.1
Violet Partners LP 4.8
SEB Funds/Trygg Insurance 4.2
1 Following the repurchase of its own shares, AB Volvo held
20,728,135 class A shares and 82,054,652 class B
shares comprising in total 4.8% of the number of regis-
tered shares on December 31, 2007.
Credit rating at December 31, 2007
Short term Long term
Moody’s P-2 stable A3 stable
Standard & Poor A2 stable N/A
DBRS R-1 (low) stable N/A
R&I (Japan) a-1+ AA-
1 Share of capital, registered shares.
Sweden 45%
France 22%
USA 15%
United Kingdom 7%
Luxenbourg 2%
Switzerland 2%
Others 7%
Non-Swedish owners 54%
Savings funds 14%
Pension funds and
insurance companies 8%
Private shareholders 10%
Others 14%
1 Share of capital, registered shares.
The employee's ownership of shares in Volvo through pension foundations is remote.
More details on the Volvo share
are provided in note 23 to the
fi nancial statements and on the
page Volvo share statistics.
eral Meeting, the Board of Directors, Group
Management and other areas that are regu-
lated in the “Swedish Code of Corporate
Governance.” This website also invites share-
holders to personally determine the informa-
tion to be received from Volvo.
Price trend, Volvo Series B shares, SEK
Volvo B FTSE Top 300 OMXSPI
Source: OMX/FTSE
03 04 05 06 07
80
60
40
20
160
140
120
100
Board of Directors’ Report 2007 31