Gardell believes Volvo can reach higher than Scania.

Aktivistfonden Cevian is about to go into a couple of new companies at the same time as the holdings in other companies are to be divested.

It says Cevian frontman Christer Gardell, in an interview with the Svenska Dagbladet Näringsliv.

”We’re building right now positions in two new companies,” he says without wanting to give more clues, for example if it is about Swedish companies, such as Telia as Cevian in the past have counted on.

One of the Cevians, the possession is the Volvo which has risen by 36 per cent on the stock market only in 2017. Christer Gardell believes that there is more to download.

”We do not think that in the past year kursreaktion corresponds to the potential that exists in the company,” he says.

”We believe that Volvo’s profitability can reach higher than Scania’s. And what we’ve seen of the process of change that Martin Lundstedt (Volvo ceo) has begun means that the bar has been increased from 10 to 12 percent in operating margin,” continues Christer Gardell Volvo.

Volvo’s operating margin amounted to 6.9 per cent in 2016.

Tradingportalen/Agency Directly.
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