沃尔沃集团（VOLVO）2025年第二季度财报（英文版）（38页）.pdf

1、 V O L V O G R O U P R E P O R T O N T H E S E C O N D Q U A R T E R 2 0 2 5Net sales SEK 122.9 billion(140.2)Adjusted operating income SEK 13.5 billion(19.4)In Q2 2025,net sales decreased by 12%and amounted to SEK 122.9 billion(140.2).When adjusted for currency movements net sales decreased by 5%.A

2、djusted operating income1 amounted to SEK 13,484 M(19,446),corresponding to an adjusted operating margin of 11.0%(13.9).In Q2 2025,a negative effect of SEK 4,512 M and a positive effect of SEK 989 M were excluded from adjusted operating income.In Q2 2024,positive effects of SEK 893 M were excluded f

3、rom adjusted operating income.Reported operating income amounted to SEK 9,961 billion(20,339),corresponding to an operating margin of 8.1%(14.5).Compared with Q2 2024,currency movements had a negative impact on operating income amounting to SEK 2,310 M.Earnings per share amounted to SEK 3.64(7.65).O

4、perating cash flow in the Industrial Operations amounted to SEK 2,948 M(9,060).Return on capital employed in the Industrial Operations amounted to 25.7%(41.3).140.2122.9Q2 2024Q3Q4Q1Q2 202519.413.513.9%11.0%Q2 2024Q3Q4Q1Q2 202541.3%25.7%Q2 2024Q3Q4Q1Q2 2025Second quarter First six monthsSEK M unless

5、 otherwise stated2025202420252024Net sales 122,896 140,249 244,687 271,426 Adjusted operating income 13,484 19,446 26,742 37,605 Adjusted operating margin,%11.0 13.9 10.9 13.9 Operating income 9,961 20,339 23,220 38,498 Operating margin,%8.1 14.5 9.5 14.2 Income after financial items 9,705 20,534 22

6、,560 38,977 Income for the period 7,525 15,583 17,509 29,686 Earnings per share,SEK 3.64 7.65 8.51 14.57 Operating cash flow in Industrial Operations 2,948 9,060 4,257 17,956 Net financial position in Industrial Operations,SEK bn 43.1 59.3 Return on capital employed in Industrial Operations,%25.7 41