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
1 min readLast updated: January 26, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on February 6, 2025
1 min readLast updated: January 26, 2026
Volvo Cars' Q4 operating profit decreased to 3.9 billion crowns, with a significant writedown affecting results. The automaker braces for a challenging 2025.
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)
Volvo Cars reported an operating profit of 3.9 billion Swedish crowns in Q4, down from 5.4 billion the previous year.
Volvo Cars is majority-owned by China's Geely.
Volvo Cars anticipates a turbulent 2025 with challenging market conditions.
Excluding joint ventures and associates, the operating profit was 6.3 billion crowns, down from 6.7 billion.
The article states that $1 is equivalent to 10.9245 Swedish crowns.
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