Second quarter 2023

The Volvo Group report for the second quarter 2023 was published on July 19, at 7.20 a.m. CET.
Second quarter 2023

“In Q2 2023, the Volvo Group continued to perform well, with continued growth and improved profitability. We increased our net sales by 18% to SEK 140.8 billion and the adjusted operating income by SEK 8.0 billion to SEK 21.7 billion, corresponding to an adjusted operating margin of 15.4% (11.6). Thanks to a strong commercial focus, we have been successful in improving margins while managing cost inflation and increased disturbances in the supply chain,” says Martin Lundstedt, President and CEO.

An online presentation of the report, followed by a question-and-answer session, was broadcasted at 9.00 a.m. CEST. The Volvo Group was represented by President and CEO Martin Lundstedt and acting CFO Jan Ytterberg. Access the replay.

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Martin Lundstedt comments on Q2 result