Brief: Volvo Q1 Oper. Income At SEK 12.2 Billion, Above Estimate

Volvo AB

24/04/2026 06:37

April 24 (Reuters) - Volvo AB VOLVb.ST:

Q1 ADJUSTED OPERATING INCOME SEK 12,167 MILLION VS. IBES ESTIMATE SEK 11,393 MILLION

Q1 REVENUE SEK 110,800 MILLION VS. IBES ESTIMATE SEK 111,784 MILLION

Q1 EPS SEK 4.09

Q1 ADJUSTED OPERATING MARGIN 11%

Q1 ORGANIC SALES GROWTH WAS 2%.

Q1 REPORTED OPERATING INCOME AMOUNTED TO SEK 10,678 M (13,258)

COMPARED WITH Q1 2025, CURRENCY MOVEMENTS HAD A NEGATIVE IMPACT ON OPERATING INCOME AMOUNTING TO SEK 1,112 M.

2026 EUROPEAN TRUCK MARKET FORECAST: 310,000 UNITS (EARLIER VIEW 305,000)

2026 N. AMERICAN TRUCK MARKET FORECAST UNCHANGED

2026 BRAZILIAN TRUCK MARKET FORECAST: 80,000  UNITS (EARLIER VIEW: 75,000)

Q1 NET TRUCKS ORDER INTAKE 62,755 TRUCKS VERSUS 55,227 TRUCKS YEAR AGO

SEES 2026 CHINA CONSTRUCTION EQUIPMENT MARKET AT  0% TO +10% (EARLIER VIEW 0% TO +10%)

TRUCKS: DEMAND IN EUROPE CONTINUED TO GROW GRADUALLY, WHILE ORDER INTAKE INCREASED SIGNIFICANTLY IN BOTH NORTH AND SOUTH AMERICA

TRUCKS:  GIVEN RECENT INCREASE IN ORDERS IN NORTH AMERICA, PRODUCTION THERE WILL BE IN BETTER BALANCE FROM MAY

RECENT GEOPOLITICAL TURMOIL, AND MIDDLE EAST CONFLICT, HAVE NOT CAUSED ANY MAJOR DISRUPTIONS IN OUR SUPPLY CHAIN

DELIVERIES OF VOLVO BRANDED MACHINES WERE UP BY 12%, WITH HIGHER VOLUMES IN EUROPE, ASIA, AND AFRICA AND OCEANIA

IN Q2 2026, NET TARIFF EFFECT IS EXPECTED TO BE ABOUT SEK 1.2 BILLION NEGATIVE, WITH AROUND HALF IMPACTING CONSTRUCTION EQUIPMENT

TRUCKS:  TOTAL NORTH AMERICAN MARKET THROUGH MARCH WAS 23% LOWER THAN IN PRIOR YEAR

BRAZILIAN TRUCK MARKET DECLINED BY 21% COMPARED WITH PRIOR YEAR DUE TO HIGH INTEREST RATES, US TARIFFS AND INCREASED ENERGY COSTS

Source text: ID:nWkr7wZNgF

Further company coverage: [VOLVb.ST]

 (Gdansk Newsroom)

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