The Bad PlaceApr 29

Sweden Herald - Latest Sweden News | Volvo Cars better than expected with first-quarter operating profit of SEK 1.6 billion by Sweden Herald

AI generated summary, Read the full article for complete information.

Volvo Cars announced a first‑quarter 2026 operating profit of SEK 1.6 billion, far surpassing the market’s SEK 990 million forecast, though still below the same period a year earlier. CEO Håkan Samuelsson highlighted stronger‑than‑expected revenues, a record‑high share of electric‑vehicle sales, and progress in cost and cash‑flow initiatives, while noting a challenging environment—especially in the US and China where demand for electrified cars has fallen after subsidies were withdrawn. The firm warned that continued market pressures and the ramp‑up of the new EX60 model could affect the second quarter, and its Stockholm‑listed shares have dropped over 25 % this year.

Read more: https://swedenherald.com/article/volvo-cars-better-than-expected-with-firstquarter-operating-profit-of-sek-16-billion

#VolvoCars #HkanSamuelsson #China #EX60model #Europeanmarket

Volvo Cars Q1 2026 results better than expected

Automaker Volvo Cars reported an operating profit of SEK 1

Sweden Herald
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