Volvo Cars first quarter 2022 – A stable performance in an unstable environment
· Revenue increased by 8% to SEK 74.3 (68.6) bn · Operating income (EBIT) was SEK 6.0 (8.4) bn · EBIT margin was 8.1 (12.3)% · EBIT margin, excluding share of income from joint ventures and associates, was 7.9 (8.1)% · Basic earnings per share was SEK 1.29 (2.28) · Operating and investing cash flow was SEK –12.3 (–6.9) bn · Retail sales decreased by 20% to 148.3 (185.7) thousand cars · Electrified ‘Recharge’ line-up accounted for 34% of total sales in Q1, of which 8% were fully electric Volvo Cars today reports a stable financial result for the first quarter 2022,