Volvo 2009 Annual Report Download - page 36

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BOARD OF DIRECTORS’ REPORT 2009
B Share
(incl. re-invested
dividends)
SIX Return Index
Index 100 = Share price Volvo
B Share, January 1, 2005.
Source: NASDAQ OMX
05 06 07 08 09
40
60
80
100
120
140
160
180
Earnings per share, SEK
Dividend per share, SEK
07
7.37
08
4.90
05
6.44
06
8.03
5.50 2.00
09
(7.26)
0.001
3.35 5.00
Extraordinary payment, SEK
5.00
1 Proposed by the Board of Directors
Total return, Volvo B
The Volvo share is listed on the Nasdaq OMX
Nordic Exchange in Sweden. One A share
entitles the holder to one vote at Annual Gen-
eral Meetings and one B share entitles the
holder to one tenth of a vote. Dividends are the
same for both classes of shares.
The Volvo share is included in a large number
of indexes that are compiled by Dow Jones,
FTSE, S&P and Nasdaq OMX Nordic.
Recovery on the stock market
The development on the world’s leading stock
exchanges was characterized by a recovery
after the weak 2008. On Nasdaq OMX Nordic,
the OMXSPI index rose by 43% in 2009.
Trading in Volvo A shares on Nasdaq OMX
Nordic decreased by 52% compared to 2008.
The share price increased by 40% and was SEK
61 per share at year-end. The highest price paid
was SEK 71.50 on November 16, 2009.
Trading in Volvo B shares on Nasdaq OMX
Nordic decreased by 13% compared to 2008.
The share price increased by 43% and was
SEK 61.45 per share at year-end. The highest
price paid was SEK 73.05 on November 17,
2009.
In 2009, a total of 2.9 billion (3.4) Volvo
shares were traded in Stockholm, correspond-
ing to a daily average of 11.4 million (13.6). At
year-end 2009, Volvo’s market capitalization
totaled SEK 124 billion (92).
Dividend
Based on the Volvo Group’s losses during
2009 and the present nancial position, the
Board of Directors proposes that no dividend
is to be distributed for the year 2009. In the
previous year, the dividend was SEK 2.00 per
share.
Communication with the shareholders
On the website www.volvogroup.com it is pos-
sible to access nancial reports, search for
information concerning the share, insider trad-
ing in Volvo and statistics for truck deliveries. It
is also possible to access information con-
cerning the Group’s governance, including
information about the Annual General Meet-
ing, the Board of Directors, Group Manage-
ment and other areas that are regulated in the
“Swedish Code of Corporate Governance.” The
website also offers the possibility to subscribe
to information from Volvo.
Earnings and dividend per share
The share
– rose by 43% during the year
In 2009, the world’s leading stock markets were characterized
by a recovery after the weak development in the preceding year.
32