Volvo reports Q1 net profit of 8.32 billion kronor as sales decline

7 articles · Updated · The Wall Street Journal · Apr 24

First-quarter sales dropped 9.1% to 110.77 billion kronor, with net tariff costs reaching 1 billion kronor and deliveries falling 2.7%.
Truck orders rose 14% year-on-year, driven by strong demand in North and South America, while production stops in North America affected deliveries.
Volvo raised its 2026 European truck market forecast and saw improved margins in its construction equipment business, while monitoring potential impacts from Middle East tensions and global economic uncertainty.

Amid global turmoil, why is Volvo suddenly more optimistic about the European truck market?

Is Volvo downplaying the true impact of the Middle East crisis on its global supply chain?

With U.S. tariffs penalizing local production, can Volvo's American manufacturing strategy survive?

Volvo's truck orders are soaring, so why can't the company get them to customers?

With U.S. policy shifting from EVs, is Volvo's electric truck future in North America at risk?

While its truck division falters, what is the secret to Volvo's booming construction business?