Volvo Group (VOLV) Investor presentation summary

Strategic direction and execution

• Focus on securing strong positions in key markets and maximizing service business potential.

• Leading transformation towards zero-emission and autonomous technologies.

• Emphasis on product leadership, synergies, and value creation through portfolio management.

Financial performance and resilience

• Adjusted operating income and margins have shown consistent growth, reaching a 16% margin in 2026.

• Service sales have increased significantly, enhancing earnings resilience and customer proximity.

• Maintains a strong net cash position and high return on capital employed, with ROCE at 24.5% in 2026.

• Attractive shareholder returns with increasing dividends over recent years.

Market position and peer comparison

• Leading adjusted operating margin among truck peers, with 10.0% in Q1 2026, outperforming major competitors.

• Total return significantly outpaces the MSCI World Machinery Index from 2016 to 2026.