Volvo had a stable fourth quarter of 2025. Sales decreased compared to last year, but were roughly as expected.
Profit was better than analysts had expected.
Sales increased in Europe, but were weaker in North America, South America and Asia.
Truck deliveries and order intake fell, especially in North America. At the same time, the service business performed well and increased its sales.
The board of directors proposes a higher ordinary dividend. Together with the extra dividend, the total dividend will be SEK 13 per share. The analysts were expecting close to SEK 15, so a slight disappointment.
Profit for the full year 2025 was SEK 16.94 per share (from SEK 24.78 the year before). Turnover decreased to 479.2 billion (526.8) and as a whole it is clear that a lot is pointing downward. Tariffs, Trump, politics, macro, yes Volvo is affected by most things. Now we see a decline on the porfits. However, you don’t know if it is clear or if there will be even lower profits in the future.
Volvo sees a certain stabilization in the markets ahead, but uncertainty remains. The company raises the forecast for sales of heavy trucks in Europe and North America. That is a good signal. How the share will move in the next 3 months is unclear, I don’t expect any real growth, for me it is a dividend share.
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