• AB Volvo average ebit margin for 2023 was 10.88%, a 11.48% increase from 2022.
• AB Volvo average ebit margin for 2022 was 9.76%, a 16.37% increase from 2021.
• AB Volvo average ebit margin for 2021 was 11.67%, a 33.22% decline from 2020.

Ebit margin can be defined as earnings before interest and taxes as a portion of total revenues