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Geely's Volvo Returns to Profit in Q2; Revenue Slips

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Volvo Cars returned to an attributable profit of 1.26 billion Swedish kronor in the second quarter from a loss of 7.51 billion kronor in the year-ago period, the Zhejiang Geely Holding Group-controlled carmaker said in a Friday press release.

The recovery came despite a weaker market in China and the effects of tensions in the Middle East, Volvo said.

The carmaker returned to earnings per share of 0.42 kronor from a loss per share of 2.53 kronor a year earlier.

However, revenue slid to 77.7 billion kronor from 93.5 billion kronor a year earlier.

Volvo reported operating income of 826 million kronor, swinging from an operating loss of 9.96 billion kronor in the second quarter of 2025.

Geely Automobile Holdings (HKG:0175) is the listed arm of Zhejiang Geely Holding Group.

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