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 slightly 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 vans, buses, development gear and engines, reported that its automobile 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 tendencies on this market, the place Volvo Vehicles’ whole heavy-duty market share reached an all-time excessive of greater than 20%.
The European order consumption additionally elevated by 25% though whole deliveries decreased by 18%.
The corporate expects European orders to select up after the not too long ago 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 complete 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 industrial phrases to mitigate the results from tariffs and their subsequent affect on demand.”