Volvo Cars interim report first nine months, third quarter
· Revenue YTD SEK 202. bn (177.5), Q3 SEK 60.8 bn (65.8) · Operating income YTD SEK 16.6 bn (3.6), Q3 SEK 3.3 bn (4.6) · EBIT margin YTD 8.2% (2.0), Q3 5.5% (6.9) · Basic earnings per share YTD SEK 206.70 (18.30), Q3 SEK 43.10 (54.30) · Retail sales YTD up 18% to 530,600 cars, Q3 down 17% to 149,900 cars · Electrified ‘Recharge’ line-up accounted for 26% of total sales in Q3 · Preliminary November sales: about 52,000 cars
Volvo Cars today reported continued growth both in terms of sales and revenue for the first nine months of 2021, even as a Covid-19 outbreak in