23 Oct 2025 | 5 Mins Read
Volvo Shares Soar 40% After Profit Beats Expectations
Flipitmoney
Volvo Cars posted a third-quarter operating income of 6.4 billion Swedish kronor ($680.4 million), exceeding analyst expectations. The 7.4% EBIT margin surpassed last year's 6.2%, driven by the 18 billion kronor cost-saving program and one-off items. Shares surged 40% before paring gains, with CEO Håkan Samuelsson attributing the result to cost and cash actions.