Volvo Cars reports Q3 2024 core operating profit of SEK 5.7 billion
* Q3 operating profit (excl. JVs and associates) was SEK 5.7 bn, vs SEK 6.1 bn in Q3 2023 * Q3 operating profit was 5.8 bn SEK, vs SEK 4.5 bn in Q3 2023 * Q3 EBIT margin (excl. JVs and associates) was 6.2 per cent, vs 6.7 per cent in Q3 2023 * Q3 EBIT margin was 6.2 per cent, vs 4.8 per ce...
Volvo Cars adjusts core business ambitions for 2026 and beyond
GOTHENBURG, Sweden, Sept. 5, 2024 /PRNewswire/ -- Volvo Cars has adjusted its core business ambitions for the coming years, reflecting the company's relentless focus on value creation while remaining pragmatic amidst fluid market conditions. The adjusted business ambitions are revealed ahead of ...
All future electric Volvo cars will originate from one single technology stack
GOTHENBURG, Sweden, Sept. 5, 2024 /PRNewswire/ -- On Volvo Cars' Capital Markets Day, held today inGothenburg, Sweden, we will reveal our new, game-changing approach to technology. This new approach will define the company's future by channeling all our engineering efforts into one direction: ma...
From car to cloud: Volvo Cars expands collaboration with NVIDIA
GOTHENBURG, Sweden, Sept. 5, 2024 /PRNewswire/ -- At Volvo Cars, we don't focus on technology for the sake of technology. We develop human-centric technology that creates value and makes cars safer, life better, without compromise on safety. Our software-defined cars are a key part of this ambit...
Volvo Cars reports record core operating profit of SEK 8.2 billion in Q2 2024
* Q2 operating profit (excl. JVs and associates) was SEK 8.2 bn, up 28 per cent vs Q2 2023 * Q2 operating profit was 8.0 bn SEK, up 60 per cent vs Q2 2023 * Q2 EBIT margin (excl. JVs and associates) was 8.1 per cent, vs 6.3 per cent in Q2 2023 * Q2 EBIT margin was 7.9 per cent, vs 4.9 per ...
Volvo Cars reports 8 per cent increase in Q1 2024 core operating profit to SEK 6.8 billion
* Q1 revenue was SEK 93.9 bn (SEK 95.7 bn in Q1 2023) * Q1 operating income (excl. JVs and associates) was SEK 6.8 bn (SEK 6.3 bn in Q1 2023) * Q1 EBIT margin (excl. JVs and associates) was 7.2 per cent (6.6 per cent in Q1 2023) * Q1 Basic earnings per share was SEK 1.12 (SEK...
Volvo Car AB (publ.) publishes Annual and Sustainability Report 2023
GOTHENBURG, Sweden, March 5, 2024 /PRNewswire/ -- Volvo Car AB (publ.) publishes its Annual and Sustainability Report for 2023 on the Investors website. The report can be found here. In addition to the events and financials of 2023, the Annual and Sustainability Report focuses on the strategic p...
Volvo Cars 2023 profit increases by 43 percent to deliver a record year in the company's 97-year history
GOTHENBURG, Sweden, Feb. 1, 2024 /PRNewswire/ -- Full Year 2023 * 2023 revenue was SEK 399.3 bn (SEK 330.1 bn in 2022) * 2023 operating income (excl. JVs and associates) was SEK 25.6 bn (SEK 17.9 bn in 2022) * 2023 operating income was SEK 19.9 bn (SEK 22.3...
Volvo Cars welcomes Polestar's strengthened business plan
GOTHENBURG, Sweden, Nov. 9, 2023 /PRNewswire/ -- Volvo Cars welcomes the strengthened business plan announced by Polestar today, which aims to take the company into a new phase of growth and profitability. Please see the announcement from Polestar here. Polestar will adopt a variety of steps ...
Volvo Cars Q3 results: momentum continues while performing and transforming
* Q3 revenue was SEK 92 bn (SEK 79 bn in Q3 2022) * Q3 operating income (excluding JVs and associates) was SEK 6.1 bn (SEK 3.5 bn in Q3 2022) * Q3 operating income was SEK 4.5 bn (SEK 2.1 bn in Q3 2022) * Q3 EBIT margin (excluding JVs and associates) was 6.7 per cent (4.4 per cent in Q3 20...
Volvo Cars Q2 results: full speed ahead in transformation with a solid business performance
* Q2 revenue was SEK 102.2 bn (SEK 71.3 bn in Q2 2022) * Q2 EBIT (excluding JVs and associates) was SEK 6.4 bn (SEK 4.6 bn in Q2 2022) * Q2 EBIT was SEK 5.0 bn (SEK 10.8 bn in Q2 2022) * Q2 EBIT margin, excluding JVs and associates and without non-recurring items, was 7.2 per cent * Q2 E...
Volvo Cars Q1 Results: Stable start to 2023, as company continues delivering on ongoing transformation with improved earnings
GOTHENBURG, Sweden, April 27, 2023 /PRNewswire/ -- * Q1 revenue was SEK 95.7 bn (SEK 74.3 bn in Q1 2022) * Q1 operating income was SEK 5.1 bn (SEK 6.0 bn in Q1 2022) * Q1 operating income (excluding JVs and associates) was SEK 6.3 bn (SEK 5.9 bn in Q1 2022) * Q1 EBIT margin was ...
Volvo Car AB (publ.) publishes Annual and Sustainability Report 2022
GOTHENBURG, Sweden, March 9, 2023 /PRNewswire/ -- Volvo Cars publishes its Annual and Sustainability Report for 2022 on the Investors website. The report can be found here. In addition to the events and financials of 2022, the Annual and Sustainability Report focuses on the strategic priorities ...
Volvo Cars reports full-year 2022 results - accelerating strategic journey and navigating challenges
The company made significant progress during the year on its strategic ambitions, as it accelerated towards the aim to become a fully electric car company by the end of the decade and climate neutral by 2040. GOTHENBURG, Sweden, Feb. 9, 2023 /PRNewswire/ -- * FY22 revenue up 17 per cent to 33...
