Volvo Cars reports record operating profit of SEK 4.2bn for the second quarter of 2018
Volvo Cars today reported its highest ever quarterly operating profit of SEK4.2 billion for the second quarter of 2018, an increase of 28.6 per cent compared with the same period last year driven by a strong increase in global retail sales. Revenue in the second quarter increased by 26.9 per cent to SEK66.0 billion, as retail sales rose 14.6 per cent to 170,232 cars. The operating profit margin for the period came in at 6.4 per cent, up from 6.3 per cent the same period last year. For the first six months of 2018, Volvo Cars reported an operating profit of SEK7.8 billion, an increase