Volvo Cars 'Volvo profits EBIT fell to SEK1.9 billion $197.8 million for Q1 2025, compared with SEK6.8 billion in Q1 2024.
The company, owned by China's Geely Holdings, sold 172,219 cars in the first quarter, a drop of 6% compared to the same period in 2024. The result was also affected by currency effects and a 19% drop in wholesale volumes after Volvo lowered its inventories in Q4 last year total revenues fell by 12% to SEK82.9 billion.
In a statement, the company cited the “current turbulence in the broader world economy”, as one of the reasons for the drop in sales. Showing...
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