Volvo Group’s Q1 2023 sales increased in all business areas and in all regions, up 25% to SEK131.4bn, a quarterly record.
Adjusted operating income rose from SEK5.7bn to SEK18.4bn, for a margin of 14% (12%).
“We are in a period when we are investing in battery and fuel cell electric vehicles as well as internal combustion engines in parallel,” said Martin Lundstedt, president and CEO.
The adjusted operating income excluded a SEK1,300m charge for Buses restructuring.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Auto Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
