First quarter 2024

The Volvo Group report for the first quarter 2024 was published on April 17, at 7.20 a.m. CEST. There will be a conference call for press and analysts starting at 9.00 a.m. CEST.

“During Q1 2024, demand continued to normalize at good levels across many of the Volvo Group’s markets. Adjusted for currency, net sales were on the same level as in Q1 2023 and amounted to SEK 131.2 billion. Invoiced price continued to increase, mainly on the back of carry-over from the price increases we gradually implemented last year. Adjusted operating income amounted to SEK 18.2 billion (18.6), which corresponds to a margin of 13.8% (14.0). Return on capital employed improved to 37.7% (30.3). We continue to prioritize quality in the business,” says Martin Lundstedt, President and CEO.

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

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Volvo Group report on Q1 2024 Format PDF Size 5 MB
Presentation material Format PDF Size 3 MB

Martin Lundstedt comments on Q1 result

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