Volvo Cars profits fall amid strong sales

Volvo Cars profits fall amid strong sales
Volvo Cars profits fall amid strong sales
--

photo of Vladimir Ivanovs (V).

The volume of sales in the first quarter grew by 12%, a new monthly record was set in March. The share of the electric car grew from 18% to 21%.

Volvo Cars, the leading passenger car manufacturer, announced a 10% drop in net profit for the first quarter of the year, a hair loss of 2%, but maintained solid sales volumes.

According to the company, which belongs to the Chinese car concern Geely, it earned 3.6 billion in the first three months of the year. SEK (310 million EUR) profit after tax, having received 93.9 billion. SEK (8.1 billion EUR) sales revenue.

Compared to the previous year, car sales increased by 12% to 182,700, and a new one-month sales record was set in March. The share of electrics in sales increased from 18% to 21%.

We believe that the demand for our car will remain high in the next four years, we hope to increase sales by at least 15% throughout the year, Jim Rowan, head of Volvo Cars, was quoted as saying in the report.

[{“title”:”Lietuv pasiek naujausias Volvo elektromobilis: Kinijoje pagamintas EX30″,”url”:”https://vz.lt/laisvalaikis/automobiliai/2024/01/18/lietuva-pasieke-naujausias-volvo-elektromobilis-kinijoje-pagamintas-ex30″,”category”:”PREMIUM”,”profiles”:[1035,1067,1633,1644,1659,1873]},{“title”:”Volvo halts Polestar financing, considers transferring shares to Geely inion”,”url”:”https://vz.lt/laisvalaikis/automobiliai/2024/02/02/volvo-stabdo-polestar-finansavima -is considering-transferring-shares-geely-zinion”,”category”:”ARTICLE”,”profiles”:[1020,1035,1054,1067,1633,1644,1659,1669,1670]},{“title”:”Volvo produced its last diesel car: it will not go to customers”,”url”:”https://vz.lt/laisvalaikis/automobiliai/2024/04/01/volvo-pagamino-paskutini-savo -diesel-car-for-customers-it-will-not-fit”,”category”:”ARTICLE”,”profiles”:[1016,1020,1035,1067,1633,1644,1659,1670]}; system-safety-test-passes-only-one-car-manufacturer”,”category”:”PREMIUM”,”profiles”:[1035,1067,1633,1644,1659,1873]}]


It is prohibited to reproduce the information of the news agency BNS in public information media and on Internet websites without the consent of UAB “BNS”.

Select the companies and topics you are interested in and we will inform you in a personal newsletter as soon as they are mentioned in Business, Sodra, Registry Center, etc. in altos.


The article is in Lithuanian

Tags: Volvo Cars profits fall strong sales

-

NEXT The most expensive food in the world – some cost thousands of dollars