Volvo Group (trucks) Q1 2021 net sales increased 3% year on year to SEK94.0bn (SEK91.4bn). Adjusted for currency movements, net sales increased by 13%.

Adjusted operating income was SEK11,821m (SEK7,140m) for an adjusted operating margin of 12.6% (7.8%).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Reported operating income was SEK12,067m vs SEK7,374m.

Currency movements had a negative impact on operating income of SEK1,125m.

Earnings per share was SEK4.35 (SEK2.30).

During the quarter Volvo Group and Daimler Truck launched a fuel-cell joint venture call Cellcentric. On 1 April , Volvo Group and Isuzu Motors closed the deal selling UD Trucks (once Nissan Diesel) to the Japanese company.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

The shortage of semiconductors impacted Q1 production, Volvo said without elaborating.

“The first quarter of 2021 was characterised by high activity among our customers, which was reflected in good demand for both new products and services,” said CEO Martin Lundstedt.

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