Volvo Group Releases First Quarter Earnings
April 30, 2025
Volvo Penta, the company’s marine segment, performed well on lower volumes with net sales decreasing by 3%.
Volvo Penta, the company’s marine segment, performed well on lower volumes with net sales decreasing by 3%.
Net sales decreased 2% in in the quarter to $446.3 million, and operating margin improved to 17.7% from 15.9%.
The company expects to begin limited-scale production of the D13 IPS hybrid-electric package next year.
The group overall had net sales of $13.13 billion, on par with last year, but Volvo Penta continued to experience declines.
The company will offer rebuilt D13, D8, D4 and D6 engines, plus complete propulsion packages from remanufactured IPS drivelines.
The Certified Uptime Dealer program recognizes dealers that adopt a standardized process to provide rapid resolution for equipment repairs.
For Volvo Penta, demand for engines declined, and net order intake decreased 33%, with deliveries down 18%.
Net sales were up 10% for the group and up 2% for Volvo Penta, which includes the marine segment.
Anna Müller is also a member of Volvo Group management. She replaces Heléne Meliquist, who is leaving to join an investment company.
Few innovations have changed boating quite like Volvo Penta’s IPS propulsion.
Volvo Penta, the company’s marine segment, performed well on lower volumes with net sales decreasing by 3%.
Net sales decreased 2% in in the quarter to $446.3 million, and operating margin improved to 17.7% from 15.9%.
The company expects to begin limited-scale production of the D13 IPS hybrid-electric package next year.
The group overall had net sales of $13.13 billion, on par with last year, but Volvo Penta continued to experience declines.
The company will offer rebuilt D13, D8, D4 and D6 engines, plus complete propulsion packages from remanufactured IPS drivelines.
The Certified Uptime Dealer program recognizes dealers that adopt a standardized process to provide rapid resolution for equipment repairs.
For Volvo Penta, demand for engines declined, and net order intake decreased 33%, with deliveries down 18%.
Net sales were up 10% for the group and up 2% for Volvo Penta, which includes the marine segment.
Anna Müller is also a member of Volvo Group management. She replaces Heléne Meliquist, who is leaving to join an investment company.
Few innovations have changed boating quite like Volvo Penta’s IPS propulsion.
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