Volvo Car Ab Class B · OMXSTO:VOLCAR_B
Volvo Car Ab Class B — Q3 2026 Earnings Presentation
19 slides from Volvo Car Ab Class B's earnings presentation, Oct 23, 2026
Slide 1: Report Q3 2026
Report Q3 2026 October 23, 2026 Håkan Samuelsson, President & CEO Erik Severinson, Chief Commercial Officer Fredrik Hansson, Chief Financial Officer Results Presentation Q3 2026 | Volvo Cars | Security class: Public
Slide 2: Business environment much worse than anticipated
Volvo Car Group Results Presentation Q3 2026 Business environment much worse than anticipated SEK -3.7 bn operational loss1 in Q3 China United States Europe 01 Market sharply down with 01 Electrified cars under severe 01 Relatively stable market and local players increasing price pressure after sole
Slide 3: Reinforcing our turnaround plan with additional cost actions of over SEK 5 billion
Volvo Car Group Results Presentation Q3 2026 Reinforcing our turnaround plan with additional cost actions of over SEK 5 billion Actions 01 02 03 04 05 Reducing cost in Lowering variable Concentrating Reducing 2,500 Adapting blue- R&D and costs and further Volvo production jobs through collar workfor
Slide 4: Strategy with regionalisation and profitable growth through electrification
Volvo Car Group Results Presentation Q3 2026 Strategy with regionalisation and profitable growth through electrification First cars hitting roads already in 2027 01 02 03 04 2nd generation class Localise production of Two new China tailored Next BEV on SPA3 with leading PHEVs - start of XC60 in Char
Slide 5: Actions to drive near-term performance
Volvo Car Group Results Presentation Q3 2026 Actions to drive near-term performance China US Europe Stabilise and rebuild Profit over volumes Seize electrification competitiveness momentum • Reduce inventory and commercial • Targeting specific regions with the • Build PHEV momentum with 2nd cost, ad
Slide 6: EX60: Set to be one of our best-selling and most profitable cars
Volvo Car Group Results Presentation Q3 2026 EX60: Set to be one of our best-selling and most profitable cars 01 02 03 Total Europe orders Production ramp-up Steadily increasing over 50,000 challenging, currently production and behind plan deliveries Results Presentation Q3 2026 | Volvo Cars | Secur
Slide 7: Financial Summary
Report Q3 2026 Financial Summary Results Presentation Q3 2026 | Volvo Cars | Security class: Public 7
Slide 8: Q3 financial summary
Volvo Car Group Results Presentation Q3 2026 Q3 financial summary Retail sales Wholesales Revenue EBIT Cash flow (k UNITS) (k UNITS) (bn SEK) (bn SEK, %) from operating and investing activities (bn SEK) -12.0 bn -11% -19% -23% -4.6 bn 6.4 5.8 159 161 86 (7.4%) (6.7%) 141 131 67 -4.3 -3.7 -5.6 (-5.6%
Slide 9: Revenue impacted by lower volumes and one-offs
Volvo Car Group Results Presentation Q3 2026 Revenue impacted by lower volumes and one-offs Revenue bridge, in billion SEK 86.4 -10.7 66.9 -3.5 -0.7 -4.6 Revenue Volume Sales mix Foreign Other¹ Revenue Q3 2025 and pricing exchange rates Q3 2026 1) Including used cars, subscription cars, sale of lice
Slide 10: Multiple headwinds
Volvo Car Group Results Presentation Q3 2026 Multiple headwinds EBIT bridge Q3, in billion SEK 5.8 (6.7%) -1.9 1.9 -2.5 -0.8 -0.3 -0.7 -1.2 -4.0 -3.7 (-5.6%) EBIT Volume Sales mix Variable cost1) Indirect spend2) Capitalised D&A Foreign Other4) EBIT Q3 2025 excl. and pricing product exchange rates Q
Slide 11: Solid liquidity amid headwinds
Volvo Car Group Results Presentation Q3 2026 Solid liquidity amid headwinds Cash flow bridge, in billion SEK Cash flow from operating and Undrawn credit facilities 64 investing activities SEK -8.9 bn Cash 55 22 1 23 -5 -4 -1 0 41 32 Liquidity EBITDA Investments Other op items1 Net working Financing
Slide 12: Lowering variable cost and indirect spend by SEK 5+ billion
Volvo Car Group Results Presentation Q3 2026 Lowering variable cost and indirect spend by SEK 5+ billion Reinforcing our turnaround plan Actions implemented before summer 2027 • Lowering R&D spend post • Weathering the storm in • Reducing 2,500 jobs via SPA3 and HuginCore launch China – driving cost
Slide 13: Looking ahead: External challenges likely to continue
Volvo Car Group Results Presentation Q3 2026 Looking ahead External challenges likely to continue 01 02 03 04 Short-term Cash flow Restructuring costs Positive impact volumes severely supported by of ~SEK 600 million from new products challenged normal working to be recognised in and cost actions ca
Slide 14: Conclusion
Volvo Car Group Results Presentation Q3 2026 Conclusion 01 02 03 04 Business much Reinforcing our Staying on course with Investments to tougher than turnaround plan to our strategy – bringing affordable levels – expected lower break-even and out regionalised cars at ~30% down vs 2024 improve cash fl
Slide 15: Q&A
Q&A Results Presentation Q3 2026 | Volvo Cars | Security class: Public
Slide 16: VotLvoao
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Slide 17: Modest net cash and prudent maturity profile
Modest net cash and prudent maturity profile 55.0 Maturity profile and debt composition (BN SEK) 22.7 Net cash 1 Total debt 1% 31.8 28% debt composition 32.3 6.3 6.8 7.0 8.0 71% 0.2 5.7 0.3 0.1 5.7 5.7 5.7 0.9 0.9 0.9 0.6 0.3 0.2 0.4 1.1 1.3 2.3 Loans Liquidity 2026 2027 2028 2029 2030 2031 2032 203
Slide 18: Disclaimer
Report Q3 2026 Disclaimer By accessing this document, the person to whom it is provided (the “Recipient”) agrees to be bound by the following obligations and limitations. This document has been prepared and issued by Volvo Car AB (together with its subsidiaries, “Volvo Cars”). The information contai
Slide 19: Report Q3 2026
Report Q3 2026 Results Presentation Q3 2026 | Volvo Cars | Security class: Public 19