Positive Order Intake
Globally, order intake for the quarter was positive compared to Q1 last year for all business areas. Orders for fully electric vehicles increased by 138%, driven mainly by Renault Trucks and SDLG machines in China.
European Market Leadership
Volvo Trucks maintained market leadership in Europe with a market share exceeding 20% for the first time. Combined with Renault, the group reached over 30% market share in Europe.
Strong Financial Position
The company ended the quarter with a net cash position of SEK77.9 billion and a return on capital employed for industrial operations at 31.8%.
Dividend Distribution
For fiscal year '24, the company distributed SEK37.6 billion to shareholders, the largest dividend from a Swedish company.
Resilient Service Business
The service business showed resilience with underlying service sales growing by 2% year-over-year, adjusted for currency.