Dividend pay-out will be assessed from year to year based on Volvo Car Group’s net income, financial position and investments needs. Volvo Car Group will focus on delivering its fastest transformer and growth strategy through aiming for its mid-decade ambitions. Volvo Car Group’s capital structure and the proceeds from the Offering are expected to ensure the possibility of Volvo Car Group’s transformation even in case of a weakening market environment. As visibility on the transformation increases in the medium-term, the Group’s ambition is to increase dividend pay-outs towards historical levels and industry average.