Volvo Group Officially Announces Second Quarter Results for 2024，Maintain good profitability under the premise of stable market demand。

“Second quarter of 2024，On the premise that the market demand in many regions of the world continues to be normal compared with the high level in 2023，Volvo Group continues to demonstrate good profitability。Excluding the impact of exchange rate fluctuations，Group net sales were unchanged from the second quarter of 2023，Reaches 1,SEK 40.2 billion。Adjusted operating profit was SEK 19.4 billion.（21.9 billion in the same period last year），The profit margin is 13.9%（The same period last year was 15..4%），The decline in sales volume and the increase in investment in research and development have had a negative impact on profit margins.。But in the meantime，The price increase strategy adopted by the Group last year continued to be effective.，This has had a positive impact on the Group's financial performance。After deducting the impact of exchange rate fluctuations，Our services business grew by 5 percent%。Last 12 months，Revenue from the services business reached 1,SEK 30.3 billion。”

Second quarter of 2024，Under the premise of stable market demand，Maintain good profitability。

Second quarter of 2024（Same as below），Net sales were flat compared with the same period in the previous year.，Reaches 1,SEK 40.2 billion（The same period last year was 1.,40.7 billion）。Net sales, excluding the impact of currency fluctuations, were also flat with the prior year.。

Adjusted operating profit was 194..4.6 billion Swedish kronor（218 in the same period last year.5.9 billion），Adjusted operating margin was 13 percent.9%（The same period last year was 15..4%）。Second quarter of 2024，Adjusted operating profit excluding 8.Positive impact of SEK 9.3 billion。Second quarter of 2023，Adjusted operating profit excluding 72.Negative impact of SEK 700 million。

Reported operating profit of 203.3.9 billion Swedish kronor（145 in the same period last year.8.9 billion），Operating margin was 14 percent.5%（10% in the same period last year.3%）。

The positive impact of exchange rate fluctuations on operating profit reached 1.8.7 billion Swedish kronor（The same period last year was 8..1.7 billion）。

Earnings per share were 7..65 Swedish kronor（In the same period last year, it was 5.30）。

Cash flow from operating activities for industrial operations was 90 percent.600 million Swedish kronor（125 in the same period last year.5.3 billion）。

Industrial operations had a return on capital employed of 41 percent.3% （30 in the same period last year.2%）。

About Volvo Group

Volvo Group is the world's leading truck.、Passenger car、Construction equipment、One of the manufacturers of marine and industrial engines，It also provides customers with a complete set of financial and after-sales service solutions.，Assist the operation of customer companies，Increase productivity。It was founded in 1927，Volvo Group builds the future society with sustainable transport and infrastructure solutions。Volvo Group is headquartered in Gothenburg, Sweden.，More than 100,000 employees worldwide，Serving customers in more than 190 markets worldwide。

2023，Volvo Group sales of approximately 5,53 billion Swedish kronor (About 48 billion euros）。As a publicly held company，Volvo Group is listed on the Nordic Stock Exchange in Stockholm, Sweden.。