Volvo Penta parent Volvo Group last week announced the results of its second fiscal quarter. Net sales for the group increased 3% from SEK$122.9 billion ($12.71 billion) to SEK$126.3 billion, while adjusted operating income of SEK$14.8 billion ($1.53 billion) was up from SEK$13.5 billion ($1.4 billion) year-over-year.
According to a statement, Volvo Pentaʼs net sales of $SEK 5.4 billion ($558.3 million) were at the same level as the prior year quarter, with slightly lower engine sales but strong growth in the service business. Profitability was slightly lower than in the second quarter of 2025, impacted by lower volumes and higher costs, but Volvo Penta continued to show good earnings with an adjusted operating margin of 16.7%.
Net order intake increased 13% to 9,457 units, while deliveries decreased 9% to 9,866 units. Organic sales growth was flat, with a 4% decrease in engine sales offset by a 12% increase in service sales.
“Looking ahead, we remain watchful and responsive to geopolitical developments, trade policy shifts and the speed of transition into zero-emission transport,” Volvo Group president and CEO Martin Lundstedt said in the statement. “We are gradually offsetting cost increases from inflationary pressure through commercial discipline and operational efficiency. Our flexible business model, strong order book, disciplined cost management and growing service business support our ability to navigate this environment.”
