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Home > Finance > Volvo Cars' operating profit falls in Q4 as automaker braces for turbulent 2025

Finance

Volvo Cars' operating profit falls in Q4 as automaker braces for turbulent 2025

Published by Global Banking and Finance Review

Posted on February 6, 2025

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STOCKHOLM (Reuters) - Sweden-based Volvo Cars reported a fall in fourth-quarter operating profit on Thursday and said it anticipated a turbulent 2025 with challenging market conditions.

Operating profit at the company, which is majority-owned by China's Geely, was 3.9 billion Swedish crowns ($357 million) against a year-earlier 5.4 billion. The profit includes a 1.7 billion crown writedown related to its battery joint venture Novo Energy.

Excluding joint ventures and associates, operating profit was 6.3 billion crowns, down from 6.7 billion.

($1 = 10.9245 Swedish crowns)

(Reporting by Marie Mannes, editing by Anna Ringstrom)

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