Volvo Cars reports Q2 2025 results, turnaround plan is fully on track
GOTHENBURG, Sweden, July 17, 2025 /PRNewswire/ --
Q2 revenue was SEK 93.5 bn (SEK 101.5 bn in Q2 2024)
Q2 EBIT included items affecting comparability of SEK 12.9 bn, consisting of an impairment of SEK 11.4 bn and restructuring charge of SEK 1.4 bn
Q2 EBIT was SEK -10.0 bn (SEK 8.0 bn in Q2 2024)
Q2 EBIT excluding items affecting comparability was SEK 2.9 bn
Q2 EBIT margin was -10.6 per cent (7.9 per cent in Q2 2024)
Q2 EBIT margin excluding items affecting comparability was 3.1 per cent
Q2 basic earnings per share was SEK -2.53 (SEK 1.79 in Q2 2024)
Q2 electrified car sales share at 44 per cent (48 per cent in Q2 2024), of which fully electric share at 21 per cent (26 per cent in Q2 2024)
Volvo Cars today reports a group operating profit (EBIT) of SEK -10.0 billion for the second quarter of 2025. The result reflects a continued challenging environment for the automotive industry, but the SEK 18 billion cost and cash turnaround plan is fully on track and the company is confident about more positive effects from the programme.
The result is impacted by the previously announced one-off non-cash impairment charge of SEK 11.4 billion, as Volvo Cars is adjusting the financial assumptions for the EX90 and ES90 platform because of market circumstances, the impact of import tariffs on ES90 and EX90 profitability and previous delays for the EX90. Additionally, the result is impacted by the one-time restructuring cost of SEK 1.4 billion, linked to the previously announced reduction of 3,000 headcounts. Excluding the items affecting comparability, Volvo Cars reported an operating profit of SEK 2.9 billion and an operating profit margin of 3.1 per cent.
In terms of retail sales, the company sold 181,600 cars in the second quarter, a drop of 12 per cent compared to the same period in 2024. For the first six months, sales are down 9 per cent compared to the first half of 2024. Revenues came in at SEK 93.5 billion and the group EBIT of SEK -10.0 billion translated into an operating profit margin of -10.6 per cent. More details about its second-quarter performance can be found in Volvo Cars' full financial report.
"The market continued to be challenging in Q2 as well," said Håkan Samuelsson, President and CEO of Volvo Cars. "Demand remains under pressure from the macroeconomic environment, tariff-related uncertainties and tougher competition. However, our turnaround actions are starting to show results. In a Q2 ...
