Volvo reported a drop in third-quarter profit and a negative cash flow, citing difficult market conditions in North and South America that offset growth in Europe.
The Swedish truck maker said Friday that net sales for the quarter fell 5% to 110.7 billion Swedish kronor from 117.0 billion kronor a year earlier.
Adjusted operating income declined to 11.7 billion kronor from 14.1 billion kronor, with the adjusted operating margin narrowing to 10.6% from 12.0%, the company said.
The results continue a trend from the second quarter, where the company also pointed to weakness in the North American market.
"In Q3 2025, the Volvo Group's net sales increased in Europe, while more difficult market conditions in North America and South America impacted sales negatively," Chief Executive Martin Lundstedt said in a statement.
Operating cash flow from its industrial operations swung to a negative 1.7 billion kronor, compared with a positive 3.1 billion kronor in the same period last year.
The company noted that while currency-adjusted vehicle sales were down 1%, its service business sales grew 4%.
Earnings per share for the quarter fell to 3.71 kronor from 4.93 kronor.
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