The Volvo Group mentioned on Wednesday that its web revenue fell to SEK 9.89bn (€910 million) within the first three months of 2025, from a bit greater than SEK 14bn (€1.29bn) within the earlier 12 months.
The drop was pushed by a 7% decline within the group’s web gross sales, amounting to SEK 121.8bn (€11.15bn) in the identical interval.
Volvo Group, which manufactures vehicles, buses, building tools and engines, reported that its car gross sales decreased by 9% and repair gross sales declined by 1%. In the meantime, the working margin was 10.9%.
The corporate’s earnings per share amounted to SEK 4.86 (44 euro cent).
Truck deliveries have been down by 12%, although order consumption grew 13%. That was largely pushed by European demand. The Volvo Group sees optimistic developments on this market, the place Volvo Vans’ whole heavy-duty market share reached an all-time excessive of greater than 20%.
The European order consumption additionally elevated by 25% although whole deliveries decreased by 18%.
The corporate expects European orders to choose up after the just lately introduced elevated defence spending will enhance demand from armed forces.
Volvo Group additionally mentioned that in North America, the market was down in contrast with the earlier 12 months, as a result of current uncertainty surrounding commerce tariffs and a brand new emissions laws, which has induced US prospects to undertake a wait-and-see strategy.
“Within the fast-changing geopolitical panorama, it’s too early to evaluate the total implications from the imposed tariffs,” Martin Lundstedt President and CEO of Volvo Group, mentioned. He added, “we work actively with our regional worth chains to adapt flows, manufacturing capability and business phrases to mitigate the consequences from tariffs and their subsequent impression on demand.”
