Volvo reports Q4 EPS SEK 0.84 vs. SEK 1.04 last year

Reports Q4 revenue SEK 112.1B vs. SEK 109.4B last year. “2024 was a year of two halves,” said Jim Rowan, chief executive for Volvo (VLVLY) Cars. “For the first six months, we recorded strong double-digit volume growth. But like the rest of the industry, we experienced a more challenging second half. Demand slowed down and this had an impact on both our sales pace and underlying profitability. Nevertheless, we can look back at 2024 with a sense of achievement in several areas and we are positioned well to achieve our long-term ambitions.”