World of Volvo building, Gothenburg, Sweden, inaugurated in April 2024

Results Q1/2024

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Continuous efforts to improve profits, competitiveness, and cash flow

President and CEO comments on Q1 results

Key figures Q1 2024

ADJUSTED EBIT MARGIN ADJUSTED ROCE excl. the Forest division (LTM) NET DEBT TO ADJUSTED EBITDA
7.2% 0.0% 4.0
(Target >13%), LTM = Last 12 months (Target <2.0)

Q1/2024 compared with Q1/2023

Result highlight

  • Sales decreased by 20% to EUR 2,164 million

  • Adjusted EBIT decreased to EUR 156 million

  • EPS was EUR 0.11

  • Cash flow from operations EUR 269 million

  • Adjusted ROCE excl. Forest 0.0%

Adjusted ROCE excl. the Forest division (LTM)

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