JVs and associates) was SEK 8.2 bn , up 28 per cent vs Q2 2023, up 28 per cent vs Q2 2023 Q2 operating profit was 8.0 bn SEK, up 60 per cent vs Q2 2023Q2 EBIT margin (excl. This has been reflected in Volvo Cars' gross margins, which increased to 22.8 per cent from 19.0 per cent last year. The EX30, EM90 and EX90 are clear examples of where Volvo Cars is going, as it continues its journey towards full electrification. Volvo Cars continues to invest across the breadth of its product range, both in new models and ongoing improvements to existing ones. Looking aheadYet like all global companies, Volvo Cars operates in a complex geopolitical environment that impacts trade and tests supply chain resilience.
