Volvo Cars 2023 profit increases by 43 percent to deliver a record year in the company’s 97-year history
Full Year 2023
· 2023 revenue was SEK 399.3 bn (SEK 330.1 bn in 2022) · 2023 operating income (excl. JVs and associates) was SEK 25.6 bn (SEK 17.9 bn in 2022) · 2023 operating income was SEK 19.9 bn (SEK 22.3 bn in 2022) · 2023 EBIT margin (excl. JVs and associates) was 6.4 per cent (5.4 per cent in 2022) · 2023 EBIT margin was 5.0 per cent (6.8 per cent in 2022) · 2023 basic earnings per share was SEK 4.38 (SEK 5.23 in 2022) · 2023 fully electric car sales share at 16 per cent (11 per cent in 2022)
Quarter 4, 2023
· Q4 revenue was 109.4 bn SEK (105.2 bn SEK