Q3 revenue was SEK 86.4 bn (SEK 92.8 bn in Q3 2024)
Q3 operating income was SEK 6.4 bn (SEK 5.8 bn in Q3 2024)
Q3 operating income (excl. JVs and associates) was SEK 6.3 bn (SEK 5.7 bn in Q3 2024)
Q3 EBIT margin was 7.4 per cent (6.2 per cent in Q3 2024)
Q3 EBIT margin (excl. JVs and associates) was 7.2 per cent (6.2 per cent in Q3 2024)
Q3 basic earnings per share were 1.75 SEK (1.41 SEK in Q3 2024)
Q3 fully electric car sales share at 22 per cent (25 per cent in Q3 2024)
Q3 electrified car sales share at 45 per cent (48 per cent in Q3 2024)
Volvo Cars today reports a group operating income (EBIT) of SEK 6.4 billion and an EBIT margin of 7.4 per cent for the third quarter of 2025. The result was supported by certain one-off items, but a large contributor to the improvement was the effect of the company's ongoing SEK 18 billion cost and cash action plan.
The action plan delivered faster than planned reductions in variable and indirect costs during the quarter. Part of these reductions were related to the company's redundancy process, which will be completed in the fourth quarter. This will result in a total reduction of 3,000 positions, giving Volvo Cars a leaner and more agile organisation.
In terms of retail sales, the company sold 160,514 cars in the third quarter, down 7 per cent versus the same period in 2024. But the company returned to a modest retail sales growth in September, boosted by all-time high performances in the UK and other markets such as Austria, Türkiye, Canada, Brazil and Mexico.
Despite a solid performance, the third quarter results continue to reflect the ongoing turbulence in the global economy and a challenging market environment. Throughout the quarter, Volvo Cars' performance continued to be under pressure due to a shrinking total premium market and tough competition, especially in the fully electric segment.
Revenues for the quarter came ...
