Volvo Car AB (publ.) (LON:0AAK)

Volvo Car AB (publ.) Income Statement

Financials in millions SEK. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	389,304	400,234	399,343	330,145	282,045	262,833
Revenue Growth (YoY)	-2.07%	0.22%	20.96%	17.05%	7.31%	-4.12%
Cost of Revenue	312,856	320,807	321,722	269,784	221,254	216,813
Gross Profit	76,448	79,427	77,621	60,361	60,791	46,020
Selling, General & Admin	37,092	37,447	38,595	32,485	28,698	24,457
Research & Development	17,412	16,983	12,884	11,514	12,714	11,362
Other Operating Expenses	214	-1,654	-967	-756	-46	531
Operating Expenses	54,718	52,776	50,512	43,243	41,366	36,350
Operating Income	21,730	26,651	27,109	17,118	19,425	9,670
Interest Expense	-2,723	-2,935	-1,997	-1,045	-794	-1,167
Interest & Investment Income	2,500	2,718	2,791	852	600	550
Earnings From Equity Investments	-2,568	-4,722	-5,628	4,443	-951	-352
Currency Exchange Gain (Loss)	487	487	-1,570	888	1,821	-1,065
Other Non Operating Income (Expenses)	-320	534	349	-590	-440	-33
EBT Excluding Unusual Items	19,106	22,733	21,054	21,666	19,661	7,603
Gain (Loss) on Sale of Investments	-	-	-	-822	-901	1,943
Asset Writedown	-14	-14	-194	-29	-	-
Pretax Income	19,092	22,719	20,860	20,815	18,760	9,546
Income Tax Expense	5,770	6,785	6,794	3,812	4,583	1,758
Earnings From Continuing Operations	13,322	15,934	14,066	17,003	14,177	7,788
Minority Interest in Earnings	-59	-533	-1,013	-1,426	-1,631	-1,954
Net Income	13,263	15,401	13,053	15,577	12,546	5,834
Preferred Dividends & Other Adjustments	-	-	-	-	360	126
Net Income to Common	13,263	15,401	13,053	15,577	12,186	5,708
Net Income Growth	3.75%	17.99%	-16.20%	24.16%	115.05%	-18.00%
Shares Outstanding (Basic)	2,976	2,977	2,980	2,980	2,580	2,500
Shares Outstanding (Diluted)	2,977	2,978	2,980	2,980	2,580	2,557
Shares Change (YoY)	-0.12%	-0.07%	0.03%	15.49%	0.90%	5013.88%
EPS (Basic)	4.46	5.17	4.38	5.23	4.72	2.28
EPS (Diluted)	4.45	5.17	4.38	5.23	4.72	2.28
EPS Growth	3.74%	18.04%	-16.22%	10.76%	106.87%	-98.40%
Free Cash Flow	21,382	22,113	24,382	19,815	18,500	24,299
Free Cash Flow Per Share	7.18	7.42	8.18	6.65	7.17	9.50
Gross Margin	19.64%	19.84%	19.44%	18.28%	21.55%	17.51%
Operating Margin	5.58%	6.66%	6.79%	5.18%	6.89%	3.68%
Profit Margin	3.41%	3.85%	3.27%	4.72%	4.32%	2.17%
Free Cash Flow Margin	5.49%	5.53%	6.11%	6.00%	6.56%	9.25%
EBITDA	34,415	38,939	37,197	25,819	27,418	18,144
EBITDA Margin	8.84%	9.73%	9.31%	7.82%	9.72%	6.90%
D&A For EBITDA	12,685	12,288	10,088	8,701	7,993	8,474
EBIT	21,730	26,651	27,109	17,118	19,425	9,670
EBIT Margin	5.58%	6.66%	6.79%	5.18%	6.89%	3.68%
Effective Tax Rate	30.22%	29.87%	32.57%	18.31%	24.43%	18.42%

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.