Q1 revenue was SEK 72.6 bn (SEK 82.9 bn in Q1 2025)
Q1 operating income was SEK 1.6 bn (SEK 1.9 bn in Q1 2025)
Q1 EBIT margin was 2.2 per cent (2.3 per cent in Q1 2025)
Q1 basic earnings per share were SEK 0.54 (SEK 0.40 in Q1 2025)
Q1 fully electric car sales share at 24 per cent (19 per cent in Q1 2025)
Q1 electrified car sales share at 47 per cent (43 per cent in Q1 2025)
Q1 free cash flow of SEK -10.0 billion (SEK -6.3 billion in Q1 2025)
Volvo Cars today reports a group operating income (EBIT) of SEK 1.6 billion and EBIT margin of 2.2 per cent for the first quarter of 2026. The quarter reinforces Volvo Cars' strength in electric cars and its ability to successfully execute its cost and cash actions. The result also reflects an increasingly challenging external environment, such as tariffs, heavy competition, geopolitical tensions and economic uncertainty.
"The first quarter of 2026 shows a divide between what we can control and a very challenging external environment," says Håkan Samuelsson, Volvo Cars' CEO. "The areas we can control continued to improve in Q1. Our BEV share increased to a class-leading level and we delivered a strong momentum in our cost and cash actions."
Although the quarter's overall sales were down, sales of fully electric cars (BEVs) rose by 12 per cent in the first quarter, taking Volvo Cars' BEV share of total sales ...
