GOTHENBURG, Sweden, April 24, 2026 /PRNewswire/ -- "In Q1 2026, the Volvo Group demonstrated continued resilience and operational strength, achieving solid profitability with an adjusted operating margin of 11.0% even as market volumes were lower compared to last year. Performance was good across all our business areas. Despite the ongoing geopolitical uncertainties, customer confidence in our products and services remained strong, reflected in good order intake and low cancellations throughout the quarter," says Martin Lundstedt, President and CEO.

In Q1 2026, net sales decreased by 9% and amounted to SEK 110.8 billion (121.8). The organic sales growth was 2%.

Adjusted operating income amounted to SEK 12,167 M (13,258), corresponding to an adjusted operating margin of 11.0% (10.9). In Q1 2026, negative effects of SEK 1,490 M were excluded from adjusted operating income. There were no adjustments in Q1 2025.

Reported operating income amounted to SEK 10,678 M (13,258), corresponding to an operating margin of 9.6% (10.9).

Compared with Q1 2025, currency movements had a negative impact on operating income amounting to SEK 1,112 M.

Earnings per share amounted to SEK 4.09 (4.86).

Operating cash flow in ...