Volvo reports Q1 EPS SEK 6.92 vs. SEK 6.35 last year

Reports Q1 revenue SEK 131.2B vs. SEK 131.3B last year. Currency movements had a negative impact on operating income of SEK 346M. “During Q1 2024, demand continued to normalize at good levels across many of the Volvo Group’s markets. Adjusted for currency, net sales were on the same level as in Q1 2023 and amounted to SEK 131.2 billion. Invoiced price continued to increase, mainly on the back of carry-over from the price increases we gradually implemented last year. Adjusted operating income amounted to SEK 18.2 billion (18.6), which corresponds to a margin of 13.8% (14.0). Return on capital employed improved to 37.7% (30.3). We continue to prioritize quality in the business,” says Martin Lundstedt, president and CEO.