/ 
While the Volvo Group is announcing a 5% decline in overall sales for the third quarter of 2025, its marine division, Volvo Penta, is on the upswing. With sales of SEK 5.03 billion (approx. 553 million euros), up 7% (and even 13% at constant exchange rates), the Swedish group's marine division confirms the strength of its key markets.
Growth in professional segments and the return of yachts
The increase in sales was driven first and foremost by an upturn in orders: +28%, or 8,190 units ordered. Deliveries followed, up 16% to 9,302 units. This dynamic performance was mainly driven by the professional segment: commercial marine, passenger transport and military applications. The yachting market, meanwhile, is showing signs of moderate recovery. By contrast, the pleasure boating segment remains stable overall, but at a low level of activity.
These developments are of direct interest to passenger boat builders, professional fleet operators and shipyards working on defense projects. The renewed interest in Volvo Penta systems is also due to the broadening of the technological offer.
Resilience despite uncertain macroeconomic conditions
With an adjusted operating margin of 18.6%, up one point on 2024, Volvo Penta has demonstrated its ability to control costs. Operating profit reached 934 million crowns (103 million euros). This figure was boosted by business volumes, but offset by an unfavorable product mix and a negative currency impact of 185 million crowns (around 20 million euros).
The impact of U.S. tariffs on the industry
Another factor of concern is trade barriers, in particular the customs surcharges imposed by the United States. In its communication, the Group cites adverse effects on its global supply chains and the competitiveness of its products. These restrictions, which are difficult to anticipate, could ultimately have a greater impact on certain divisions, depending on their exposure.
For French and European boat builders working with Volvo Penta components or engines, regulatory instability in certain markets could lead to additional costs or weakened supply chains.
Technical advances and gradual electrification
Despite these uncertainties, Volvo Penta continues to invest in its range. The quarter was marked by the launch of a new generation of autopilot and the integration of its IPS Professional system on two renowned superyachts, a Sanlorenzo and an Amer Yacht. This equipment, designed for large vessels, demonstrates the company's high-end orientation and expertise in on-board controls.
The Group is also pursuing the development of its range of electric propulsion systems, based on IPS, announced a few months ago. These innovations reflect a clear strategy in favor of the gradual decarbonization of powertrains in the premium and professional segments.
