Volvo Cars Q3 26 Earnings
Rev: SEK66.90B (est SEK74.46B) EBIT: SEK-5.60B (est Loss SEK1.30B) Free Cash Flow: SEK-8.9B vs SEK-4.3B Y/Y Removes Forward-Looking Guidance For Remainder Of FY2026 China Rev Fell Almost 50% Y/Y Says US Tariffs And Removal Of Electrified Vehicle Incentives Pressured Margins Says Weak US And China Performance Left Half Of Business Without Profit Contribution Says Europe Was Sole Positive Contributor To Operational Performance Targets Additional SEK5B Reduction In Indirect Spending And Variable Costs To Cut 2,500 Jobs Globally, Including 2,000 In Sweden Expects Full Financial Benefits Of Cost-Cutting Measures By End-2027 Sees Overall Indirect Spending Almost 25% Below FY2024 Levels Plans To Unveil Three New Cars In 2027
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Rev: SEK66.90B (est SEK74.46B) EBIT: SEK-5.60B (est Loss SEK1.30B) Free Cash Flow: SEK-8.9B vs SEK-4.3B Y/Y Removes Forward-Looking Guidance For Remainder Of FY2026 China Rev Fell Almost 50% Y/Y Says US Tariffs And Removal Of Electrified Vehicle Incentives Pressured Margins Says Weak US And China Performance Left Half Of Business Without Profit Contribution Says Europe Was Sole Positive Contributor To Operational Performance Targets Additional SEK5B Reduction In Indirect Spending And Variable Costs To Cut 2,500 Jobs Globally, Including 2,000 In Sweden Expects Full Financial Benefits Of Cost-Cutting Measures By End-2027 Sees Overall Indirect Spending Almost 25% Below FY2024 Levels Plans To Unveil Three New Cars In 2027