Volvo Cars reports full-year 2022 results – accelerating strategic journey and navigating challenges
The company made significant progress during the year on its strategic ambitions, as it accelerated towards the aim to become a fully electric car company by the end of the decade and climate neutral by 2040. · FY22 revenue up 17 per cent to 330.1 bn SEK (282 bn SEK in FY21) · FY22 operating income (EBIT) was 22.3 bn SEK (20.3 bn SEK in FY21) · FY22 EBIT margin was 6.8 per cent (7.2 per cent in FY21) · FY22 EBIT margin excl. share of income from JVs and associates was 5.4 per cent (7.5 per cent in FY21) · FY22 Basic earnings per share was 5.23 SEK (4.72 SEK in FY21)