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“In Q3 2025, the Volvo Group's net sales increased in Europe, while more difficult market conditions in North America and South America impacted sales negatively. In total, the Group's net sales amounted to SEK 110.7 billion (117.0), which was an increase of 1% when adjusted for currency movements. Sales of vehicles were 1% lower than in Q3 2024 when adjusted for currency. The underlying development in the service business remained good, with service sales growing by 4% adjusted for currency. On a rolling 12-month basis service revenues amounted to SEK 126 billion. Despite the lower vehicle volumes, we maintained our earnings resilience and generated an adjusted operating income of SEK 11.7 billion (14.1) with an adjusted operating margin of 10.6% (12.0),” says Martin Lundstedt, President and CEO.
The Volvo Group report for the third quarter will be published on October 17, 2025 at 7:20 a.m. CEST.
Press release
2025-10-01
Changes to the Volvo Group Executive Board and Renault Trucks management team
After ten years of service, Bruno Blin, has decided to step down from his role as member of the Volvo Group Executive Board and President Renault Trucks. He will be replaced by Antoine Duclaux, currently Senior Vice President Renault Trucks International.
Press release
2025-10-01
Volvo Group introduces PU2000: a smart, safe and energy cost optimized BESS
Volvo Energy, part of the Volvo Group, today officially introduces the PU2000 Battery Energy Storage System (BESS) at its Customer Day in Gothenburg. Designed, developed, and manufactured in Sweden, the PU2000 supports energy optimization and resiliency, and accelerates the transition to electrification, marking an important expansion of Volvo Group’s portfolio into energy solutions.
The number of votes in AB Volvo has changed due to the conversion of a total of 280,208 Series A shares to a total of 280,208 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.
Volvo Construction Equipment (Volvo CE) has completed its previously communicated divestment of its ownership in China-based SDLG (Shandong Lingong Construction Machinery Co) to a fund predominantly owned by the Lingong Group (LGG) for SEK 8 billion (6 billion RMB).
“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.
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