Volvo Cars Withdraws FY 2026 Guidance

By Reuters News

- Geely Automobile Holdings Ltd 0175.HK:

  • VOLVO CARS REMOVES FORWARD LOOKING STATEMENT ON VOLUME AND CASH FLOW

  • CARS WITHDRAWS FULL YEAR 2026 OUTLOOK ON VOLUME AND CASH FLOW

  • WILL NOT FULFILL PREVIOUS FULL YEAR 2026 OUTLOOK STATEMENTS ON VOLUME AND CASH FLOW

  • FURTHER DETERIORATING MARKET CONDITIONS IN CHINA AND SLOWER THAN EXPECTED RECOVERY IN US, WHILE EUROPE REMAINS RESILIENT

  • SIGNIFICANT NEGATIVE IMPACT Q3 CORE EARNINGS AND CASH FLOW

  • NOT TO PROVIDE ANY UPDATED SHORT-TERM FORWARD-LOOKING STATEMENT

  • REMOVAL OF SHORT-TERM FORWARD-LOOKING STATEMENTS HAS NO IMPACT ON LONG-TERM STRATEGIC AMBITIONS

Further company coverage: 0175.HK

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