The Volvo Group this week announced its financial results for the second quarter.
Volvo Penta, the marine business, reported net sales of SEK$5.5 billion ($562.5 million) a 5% increase from the year-ago quarter. Adjusted operating income increased 11% to SEK$1.1 billion ($112.5 million) year-over-year.
“In these uncertain times, we continue to focus on our earnings resilience by staying close to customers, using our flexibility, keeping strict cost control and driving our service business,” Volvo Group CEO Martin Lundstedt said in a statement. “We have adjusted our battery-electric business to reflect the slower-than-anticipated adoption rate of zero-emission vehicles, but our 2040 net-zero ambition remains firm.”
Net order intake during the second quarter increased 22%, to 8,338 units, and deliveries increased 21%, to 10,817 units.
According to the statement: “In Q2, the industrial business remained strong, driven by the power-generation, material-handling and special-vehicle segments. The marine business continues to be impacted by a weak consumer market, while the marine commercial and yacht segments remained stable. Order intake in marine leisure recovered but remains at low levels.”
The company did not provide guidance for the remainder of 2025.
