Volvo Cars Q2 operating profit falls as tariffs bite
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FILE PHOTO: A logo of Volvo is seen inside a car dealer in Nijmegen, Netherlands February 26, 2025. REUTERS/Piroschka van de Wouw/File Photo
STOCKHOLM (Reuters) -Sweden-based Volvo Cars reported a steep fall in second-quarter adjusted operating profit on Thursday and said demand remain under pressure as tariffs hits.
Its quarterly operating profit excluding items affecting comparability fell to 2.9 billion Swedish crowns ($297.89 million) from 8.0 billion a year ago.
($1 = 9.7352 Swedish crowns)
(Reporting by Marie Mannes, editing by Stine Jacobsen)
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