Volvo Cars reports 8 per cent increase in Q1 2024 core operating profit to SEK 6.8 billion
·Q1 revenue was SEK 93.9 bn (SEK 95.7 bn in Q1 2023) ·Q1 operating income (excl. JVs and associates) was SEK 6.8 bn (SEK 6.3 bn in Q1 2023) ·Q1 EBIT margin (excl. JVs and associates) was 7.2 per cent (6.6 per cent in Q1 2023) ·Q1 Basic earnings per share was SEK 1.12 (SEK 1.21 in Q1 2023) ·Q1 fully electric car sales share at 21 per cent (18 per cent in Q1 2023) Volvo Cars today reports an operating profit (EBIT) excluding joint ventures and associates of SEK 6.8 billion for the first quarter of 2024, an increase of 8 per cent versus the same period in