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Volvo Profit Falls To 1.6B Crowns As Sales Drop 11%

by THEFUTURE.TEAM

May 1, 2026

Volvo Cars, part of Geely Holding, reported first-quarter results showing a decline in operating profit that was less pronounced than expected, even as sales fell by 11%. The results reflect the company’s cost management efforts alongside external pressures, particularly in the United States.

Operating Profit And Strategic Cost Management

Operating profit declined to 1.6 billion Swedish crowns from 1.9 billion crowns a year earlier, as sales fell by 11%, with a gross margin of 18.5% helping limit the impact. Håkan Samuelsson, Chief Executive Officer, said the company faced a challenging environment, adding that cost measures helped maintain profitability despite lower volumes. Analysts at Handelsbanken, Bernstein, and J.P. Morgan noted that the decline was less severe than expected, compared with consensus estimates of 900 to 950 million crowns.

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US Market Challenges And Policy Impacts

At the same time, the United States proved more challenging than expected. The removal of a $7,500 tax credit, which had supported demand for plug-in and electric vehicles, added pressure alongside higher costs related to tariffs and currency movements. Samuelsson said, “We are not satisfied with our results, but despite a volume drop coming from external factors we are more or less flat in profitability,” indicating that external conditions had a greater impact than internal operations.

Looking Ahead: A Focus On Growth

Volvo expects to support sales growth in the second half of the year. This includes the ramp-up of its new electric EX60, alongside efforts to maintain market share in the European premium segment. The company is also focusing on balancing cost control with ongoing investment, as it navigates geopolitical developments and changing policy conditions.

Conclusion

The results show how cost measures and external factors are shaping performance across markets. They also point to adjustments in product strategy and investment as the company responds to evolving demand conditions.

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Starbucks Wins ‘Best Workplace / Employer Of Choice At The 18th IN Business Awards

by News Editor

May 26, 2026

Starbucks was recently awarded the ‘Best Workplace / Employer of Choice’ award at the 18th IN Business Awards in Greece — a recognition that reflects the company’s philosophy and its ongoing investment in its people.

This distinction confirms Starbucks’ commitment to creating a work environment defined by respect, collaboration, inclusivity, and equal opportunities for all. Starbucks consistently fosters a culture that encourages growth, authenticity, and participation since people are always at the center.

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“At Starbucks, our success is rooted in our people. This recognition is a testament to our team’s dedication to nurturing a space where everyone can express themselves, grow equally, and deliver exceptional experiences to our customers,” said Pambis Anastasis — District Manager of Starbucks, who received the award.

Through modern development and employee support practices, Starbucks meaningfully invests in the continuous training and empowerment of its workforce, offering learning opportunities, mentorship, and career advancement at every stage of their journey.

The company also promotes an inclusive workplace where every employee feels a sense of belonging, can express themselves freely, and grow equally. This approach is a core element of Starbucks’ identity and is reflected both in the company’s internal culture, and in the experience it delivers to customers.

Winning at the prestigious IN Business Awards is a great honor for Starbucks and serves as a strong affirmation that its people are always at the heart of every step it takes.