Volvo Group Fourth Quarter 2021 Electrification and Financial Report

Volvo Penta Net sales and adjusted operating income. H NET SALES SEK bn 12 months SEK 14.4 bn ADJUSTED OPERATING INCOME SEK M 3.0 3.0 +22% (excl. FX +21%) 3.6 ↑ + Engine & parts volume 330 + Product mix + Price 25 Q4 Q1 2019 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2020 Q4 2021 2020 Volvo Group Fourth Quarter 2021 - Material costs Industrial productivity R&D expenses Q4 2021 ADJUSTED OPERATING INCOME SEK M (margin)* 12 months 14.5% Currency SEK +20 M 174 (5.7%) 25 (0.8%) 330 (9.1%) 2020 Q4 2021 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2019 *For information on adjustments, see note 7 in the quarterly report 2022-01-28 25

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