Volvo Cars swings to Q3 loss as revenue falls 22.6% Y/Y
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- Volvo Car AB (publ.) press release (VLVOF): Q3 EPS loss of SEK 1.63, versus earnings of SEK 1.75 a year earlier.
- Revenue: SEK 66.896B, down 22.6% Y/Y from SEK 86.439B.
Net loss: SEK 5.730B, versus net income of SEK 4.511B a year earlier.
Operating loss: SEK 5.592B, versus operating income of SEK 6.433B a year earlier.
Adjusted operating loss (excluding items affecting comparability): SEK 4.492B, versus adjusted operating income of SEK 5.940B a year earlier.
Adjusted operating loss excluding the share of income from joint ventures and associates and items affecting comparability: SEK 3.744B.
EBITDA: SEK 2.037B, down from SEK 12.622B a year earlier.
Gross margin: 13.0%, versus 20.4% a year earlier; adjusted gross margin was 14.7%, versus 20.4%.
Volvo Cars withdrew its full-year 2026 sales-volume and cash-flow outlook amid challenging market conditions. Its long-term ambitions remain unchanged, including a structurally sustainable 8% EBIT margin and strong positive cash flow.
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