Volvo (VOLVB SS) Q1 (SEK): Operating Profit 12.1bln (exp. 11.6bln), Net Sales 110.7bln (prev. 121.9bln), EPS 4.09 (prev. 4.86).
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[CALENDAR ADDITION] EU Trade Commissioner Sefcovic to hold a press conference at 16:45BST/11:45ET
Newsquawk Daily European Opening News - 24th April 2026
Volvo (VOLVB SS) Q1 (SEK): Operating Profit 12.1bln (exp. 11.6bln), Net Sales 110.7bln (prev. 121.9bln), EPS 4.09 (prev. 4.86).
Japan's METI says Japan is to release 5.8mln kL of national oil reserves, starting May 1st
An internal Pentagon email explores options to punishing NATO allies that the US believes failed to support the US operations against Iran, according to a US official
On the Newsquawk feed at , 20 minutes before this page.
- Order Intake: 62.7k vehicles (prev. 55.3k)
- Deliveries: 47.5k vehicles (prev. 48.8k)
CEO
- "While the recent geopolitical turmoil, and the Middle East conflict, have not caused any major disruptions in our supply chain, we are keeping a watchful eye on whether they will begin to affect demand and the global economy more broadly"
Guidance
- Q2, net tariff effect is expected to be c. 1.2bln negative, around half impacting construction equipment.
Context
Volvo's Q1 results show an operating profit that exceeded expectations, but net sales and EPS declined compared to previous periods, indicating potential headwinds. The increase in order intake represents a positive sign, yet the CEO's cautious stance on geopolitical tensions affecting demand raises concerns about future performance. Guidance for Q2 suggests a notable negative impact from tariffs, particularly in construction equipment, which may weigh on overall earnings amid a challenging economic landscape.
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