Volvo Group Fourth Quarter 2021 Electrification and Financial Report

Volvo Group Full Year highlights KEY ACHIEVEMENTS IN 2021 . • Strong performance in a year with many challenges Leading the transformation towards sustainable transport solutions ROCE 25% in Industrial Operation Volvo Group Fourth Quarter 2021 NET SALES SEK bn Adjusted Operating Income margin* DIVIDEND PROPOSAL FOR 2021 11,0% • Ordinary dividend SEK 6.50 (6.00) 8,4% • Extra dividend SEK 6.50 (9.00) 367 316 2020 2021 Net sales restated for UD Trucks divestment *For information on adjustments, see note 7 in the quarterly report 2022-01-28 27 27

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