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“In a quarter characterized by a general stabilization of the European market and more of uncertainty and a wait and see mode among customers in North America, the Volvo Group's net sales declined by 5% adjusted for currency movements and amounted to SEK 122.9 billion (140.2). Sales of vehicles were 6% lower than in Q2 2024 when adjusted for currency, while the underlying service development remained robust, supported by continued good utilization of vehicles and machines. Our service sales were on the same level as in the previous year when adjusted for currency, and on a rolling 12-month basis revenues in our service business amounted to SEK 126.3 billion. On the lower vehicle volumes, we generated an adjusted operating income of SEK 13.5 billion (19.4) with an adjusted operating margin of 11.0% (13.9),” says Martin Lundstedt, President and CEO.
The Volvo Group report for the second quarter 2025 will be published on July 17, at 7.20 a.m. CEST. There will be a conference call for press and analysts starting at 9.00 a.m. CEST.
Press release
2025-07-01
Björn Nykvist awarded the Håkan Frisinger Prize for Excellence in Transportation Research
The Volvo Research and Educational Foundations (VREF) has awarded doctor Björn Nykvist, Senior Research Fellow and Team Leader in Energy and Industrial Transitions at the Stockholm Environment Institute (SEI), the Håkan Frisinger Prize for Excellence in Transportation Research for 2025. The prize includes an individual award of SEK 300,000 and a period as a guest researcher at Lund University with a grant of 500,000 SEK.
Press release
2025-07-01
Volvo Group invests further in the green transformation journey – acquires NOVO R&D
Volvo Group invests further in the green transformation journey by acquiring a state-of-the-art battery cell laboratory from NOVO Energy AB.
The number of votes in AB Volvo has changed due to the conversion of a total of 175,000 Series A shares to a total of 175,000 Series B shares. The conversions were implemented with the support of the opportunity for Series A shareholders to request conversion of Series A shares to Series B shares which was entered in the Articles of Association at the 2011 Annual General Meeting.
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In the fast-evolving landscape of corporate–startup collaboration, the way we describe the three CampX programs plays a crucial role in shaping how they are perceived and how effective they can be. Therefore, two years after launching the CampX Incubator program in the hub in Gothenburg, Sweden we see a need to change the name to Venture Access to clarify the value we deliver.
This year’s Volvo Group Seasonal Gift – given on behalf of all employees to projects worldwide – focuses on “Youth Development”. The Seasonal gift aims to empower youth to not only navigate digital challenges, but also thrive in their personal, educational, and social lives.
In the dynamic environment of our truck production, an invention from Volvo Group researchers has been introduced setting a new standard for human and robot collaboration. The new automated transporters are a unique AI-powered solution with remarkably user-friendly design.
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Senior Vice President Media Relations,
Volvo Group Headquarters
Phone: +46 765 537229
E-mail: press@volvo.com
Senior Vice President Communications,
Volvo Group North America
Phone: +1 (336) 543-9094
Email: john.mies@volvo.com
Public Relation and Media Manager,
Volvo Group Australia
Phone: +61 436 681 117
Email: matthew.wood@volvo.com
