According to Bloomberg, analysts on average had expected a profit of 4.6 billion. And in the fourth quarter of 2024 the profit was 3.9 billion.
Sales fell 16 percent year-on-year to NOK 94.4 billion. The forecast there was 101.8 billion.
“The decline is mainly due to sales mix, pricing, lower wholesale volume and unfavorable foreign exchange effects due to a stronger krona compared to the previous year,” Volvo Cars wrote in the report.
The board suggests that no dividend will be paid out to the owners this year.
“For 2026, Volvo Cars aims to return to full-year volume growth year-on-year and increase cash flow generation, with full-year free cash flow significantly better than what was achieved in 2025,” Volvo Cars writes.
Before the end of the year, Volvo Cars launched the all-electric EX60, an SUV that can travel 81 miles on a single charge with all-wheel drive.
Volvo Cars’ sales statistics for the November-January period, presented on Wednesday, also show a slowdown.
