Group EBIT reached SEK 6.4 billion with a 7.4% EBIT margin on revenue of SEK 86.4 billion for Q3 2025. Operating profit before restructuring was SEK 5.9 billion versus SEK 5.8 billion a year earlier, and gross margin rose to 24.4% from 17.7% in Q2. Retail sales fell 7% to 160,514 vehicles, with fully electric models at 22% of sales and electrified models at 45%. An SEK 18 billion cost-and-cash program delivered ahead of plan, with a 3,000-role redundancy process set to conclude in Q4 as management guides to further benefits. The stock jumped about 40% intraday after the beat, as Volvo flagged ongoing pricing and U.S. tariff headwinds, noting the recent U.S.–EU deal cut certain U.S. car tariffs to 15% from 27.5%.
