Volvo Group yesterday announced its 2025 fiscal year and fourth quarter financial results.
Full year net sales for were SEK$479.2 billion ($54.3 billion), down from $SEK527.8 billion ($59.8 billion) in the previous year. Adjusted operating income of SEK$51.22 billion ($5.8 billion) was down from SEK$65.72 billion ($7.44 billion) in 2024.
Quarterly net sales decreased 11% to SEK$123.8 billion ($14 billion) from SEK$138.4 billion ($15.65 billion) in the year-ago quarter. Both adjusted and reported operating income declined to SEK$12.77 billion ($1.44 billion), down from SEK$14.04 billion ($1.59 billion) year prior.
Volvo Penta net sales for the full year were up 4% to SEK$20.6 billion ($2.33 billion), with adjusted operating income of SEK$3.6 billion ($408 million), a 4% year-over-year increase.
The group said Volvo Penta maintained strong performance in the fourth quarter driven by good volumes in engines and services. Currency-adjusted net sales increased 16% to SEK$5.1 billion ($578 million), and adjusted operating margin amounted to 11.9%.
“Over the last couple of months, we have seen a stabilization in several of our markets and in some cases even a slight improvement,” Volvo Group president and CEO Martin Lundstedt said in a statement. “However, there are uncertainties, not least when it comes to geopolitical developments, which could impact demand going forward.”
