Volvo Ab Class A · OMXSTO:VOLV_A
Volvo Ab Class A — Q1 2026 Earnings Presentation
11 slides from Volvo Ab Class A's earnings presentation, May 7, 2026
Slide 1: Volvo Group business update following the 26Q1 report
Volvo Group business update - following the 26Q1 report Business Update post Q1 2026 2026 -05 -07 1
Slide 2: The Volvo Group strategic direction is clearly defined and put into execution
The Volvo Group strategic direction is clearly defined and put into execution… • Securing strong positions in key markets • Reaching the full potential of the service business. • Leading the zero -emission and autonomous transformation. • Driving product leadership and synergies. • Creating value th
Slide 3: Our strategy serves both our customers and our financial performance
…and our strategy serves both our customers and our financial performance Adjusted operating income* Margin SEK bn 100 16% 80 10,7% 12% 60 8,2% 8% 40 50 4% 20 20 0 0% Business Update post Q1 2026 2026 -05 -07 3 *Reported operating income 201 5 – 2021, Adjusted operating income 2022 – 2026
Slide 4: Our service business brings us closer to our customers and adds earnings resilience
Our service business brings us closer to our customers and adds earnings resilience VOLVO GROUP SERVICE SALES SEK bn (incl. Financial Services) 140 123 120 24/7/36 100 77 80 60 40 20 0 Business Update post Q1 2026 2026 -05 -07 4
Slide 5: We deploy our capital into forward-leaning investments and redistribute shareholder returns
We deploy our capital into foreword leaning investments and we redistribute share holder returns to our owners STRONG FINANCIAL POSITION AND FORWARD -LEANING INVESTMENTS RETURN ON CAPITAL EMPLOYED INTO TECHNOLOGY AND INNOVATION ATTRACTIVE SHAREHOLDER RETURN Net cash position, SEK bn ROCE Dividend, S
Slide 6: Volvo Group leading earnings comparison across truck peers
Volvo Group leading earnings comparision across truck peers 12 month rolling and isolated in 26Q1 Q1 26 margins: 9.7% Volvo 10.0% 9.7% 8.9% 8.9% Paccar 9.0% 6.0% 6.8% 6.0% Daimler 5.0% Traton 5.4% Business Update post Q1 2026 2026 -05 -07 6
Slide 7: Volvo Group vs MSCI World Machinery Index
Volvo Group vs MSCI World Machinery Index 2016 Jan – 2026 April Business Update post Q1 2026 2026 -05 -07 7
Slide 8: Market forecast: Trucks
TRUCKS Market forecast NORTH AMERICA HD EUROPE HD 2025: 258' 2025: 296' Forecast 2026: 265' Forecast 2026: 310' BRAZIL HD INDIA HD+MD CHINA HD+MD 2025: 87' 2025: 378' 2025: 903' Forecast 2026: 80' Forecast 2026: 400' Forecast 2026: 760' Volvo Group | First quarter 2026 2026 -04 -24 8
Slide 9: Market forecast: Construction Equipment
CONSTRUCTION EQUIPMENT Market forecast NORTH AMERICA* Forecast: 2026: -5% to +5% EUROPE Forecast: 2026: 0% to +10% SOUTH AMERICA Forecast: 2026: -5% to +5% ASIA ( excl. CHINA) Forecast: 2026: -5% to +5% CHINA Forecast: 2026: 0% to +10% Volvo Group | First quarter 2026 2026 -04 -24 9
Slide 10: Disclaimer
Disclaimer This presentation has been prepared by AB Volvo ( publ ) (the "Company” and together with its subsidiaries, the "Volvo Group") for information and background purposes only. This presentation is not, and should not be construed as, a prospectus or offering document, an d h as not been revi
Slide 11: Business Update post Q1 2026
Business Update post Q1 2026 2026 -05 -07 11