Moller Mobility Group posts record revenue, increased market share

Moller Mobility Group reported record NOK 30.7 billion in revenue for the first two tertials of 2025, a 26% increase year-over-year, driven by higher new car volumes and acquired operations. The company saw its passenger car market share in Norway climb from 20.3% to 23.2% as of August, with Volkswagen Commercial Vehicles solidifying its market leadership in both Norway and Sweden.

Despite a 21% increase in pre-tax profit to NOK 992 million, the profit margin slightly declined from 3.4% to 3.2%. This was attributed to weaker performance in the Norwegian service market, a challenging used car market in Sweden and the Baltics, and increased costs. The company notes ongoing cost optimization and proactive measures to boost growth in the service market.

The recently proposed 2026 state budget, featuring a rapid increase in VAT, is expected to negatively impact the transition to electric vehicles and the broader automotive industry. Moller Mobility Group emphasizes its strong product program and competitive pricing as it aims for continued solid performance in 2025.