Volvo Cars’ third quarter 2017 operating profit rises 77.5 per cent to SEK 3.7 billion
Volvo Cars, the premium car maker, today reports its financial result for the third quarter and first nine months of 2017. Highlights from the financial report include the following: Third quarter: · Operating profit of MSEK 3,669, an increase of 77.5 per cent compared to Q3 2016 · Net revenue up to MSEK 48,880, up 18.4 per cent versus Q3 2016 · Net income of MSEK 2,513, an increase of 89.4 per cent compared to Q3 2016 · EBIT margin of 7.5 per cent, versus 5.0 per cent in the third quarter of 2016 · Global third-quarter retail sales up 10.6 per cent to 135,831 cars