BRIEF-Volvo Q2 Adjusted Operating Income At SEK 14.8 Billion

July 17 (Reuters) - Volvo AB VOLVb.ST:

  • Q2 ADJUSTED OPERATING MARGIN 11.7%

  • Q2 EPS SEK 5.1

  • Q2 ADJUSTED OPERATING INCOME SEK 14,800 MILLION VS. IBES ESTIMATE SEK 13,630 MILLION

  • Q2 REVENUE SEK 126,300 MILLION VS. IBES ESTIMATE SEK 123,837 MILLION

  • Q2 ORGANIC SALES GROWTH OF 7%

  • HEADWINDS FROM US TARIFF COSTS,HIGHER FREIGHT AND MATERIAL COSTS MORE THAN OFFSET BY STRONGER SERVICE BUSINESS, FAVORABLE BRAND, MARKET MIX

  • Q2 NET TRUCKS ORDER INTAKE 63,412 TRUCKS VERSUS 47,761 TRUCKS YEAR AGO

  • DURING Q2 2026, NET US TARIFF IMPACT WAS SEK 1.2 BILLION NEGATIVE

  • COMPARED WITH Q2 2025, CURRENCY MOVEMENTS HAD POSITIVE IMPACT OF SEK 491 M

  • IN Q3 2026, FORECASTED NET IMPACT ON OPERATING INCOME FROM US TARIFFS OF SEK 1.1 BILLION TO BE FULLY OFFSET BY IEEPA REFUND FILED IN JULY

  • NORTH AMERICAN RETAIL TRUCK SALES THROUGH MAY WERE 18% LOWER THAN IN PRIOR YEAR

  • TRUCKS: CHINESE MARKET GREW BY 14% COMPARED WITH PRIOR YEAR

  • 2026 EUROPEAN TRUCK MARKET FORECAST: 315,000 UNITS (EARLIER VIEW 310,000)

  • SEES 2026 CHINA CONSTRUCTION EQUIPMENT MARKET AT +5% TO +15% (EARLIER VIEW 0% TO +10%)

Source text: ID:nWkr1sflP3

Further company coverage: [VOLVb.ST]


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