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

Published by Global Banking & Finance Review

Posted on February 6, 2025

1 min read

· Last updated: January 26, 2026

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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

Volvo Cars Reports Decline in Q4 Operating Profit Amid 2025 Challenges

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)

Key Takeaways

  • Volvo Cars' Q4 operating profit fell to 3.9 billion crowns.
  • A 1.7 billion crown writedown impacted profits.
  • Excluding joint ventures, profit was 6.3 billion crowns.
  • Volvo anticipates challenging market conditions in 2025.
  • Geely is the majority owner of Volvo Cars.

Frequently Asked Questions

What was Volvo Cars' operating profit in Q4?
Volvo Cars reported an operating profit of 3.9 billion Swedish crowns in Q4, down from 5.4 billion the previous year.
Who owns Volvo Cars?
Volvo Cars is majority-owned by China's Geely.
What does Volvo Cars anticipate for the year 2025?
Volvo Cars anticipates a turbulent 2025 with challenging market conditions.
How did the operating profit change excluding joint ventures?
Excluding joint ventures and associates, the operating profit was 6.3 billion crowns, down from 6.7 billion.
What is the exchange rate mentioned in the article?
The article states that $1 is equivalent to 10.9245 Swedish crowns.

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