Volvo Cars second quarter 2022 – steady earnings in a turbulent world
· Retail sales decreased by 27% to 143 (195) thousand cars · Revenue down 2% to SEK 71.3 bn · Operating income (EBIT) was SEK 10.8 (4.8) bn · EBIT margin was 15.1% (6.6)% · EBIT margin, excluding share of income from joint ventures and associates, was 6.5% (7.9)% · Basic earnings per share was SEK 3.00 (0.99) · Electrified ‘Recharge’ line-up accounted for 31% of total sales in Q2, of which 7.3% were fully electric Volvo Cars today reports steady earnings in the second quarter in the face of ongoing uncertainties in global trade, increasing raw material prices, and