Volvo's stock drops as quarterly profit falls sharply

ua.korrespondent.net (Ukrainian)

Volvo's stock plummeted over 22% after a sharp 68% drop in quarterly profit, marking its largest single-day decline. The company cited weak demand, US tariffs, and reduced margins as reasons for the profit fall, with revenue also decreasing by 16%. Despite challenges, Volvo anticipates sales growth in 2026, focusing on efficiency and cost reduction to navigate a difficult market.


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Volvo's stock drops as quarterly profit falls sharply | News Minimalist