Volvo Cars Q3 results: momentum continues while performing and transforming
· Q3 revenue was SEK 92 bn (SEK 79 bn in Q3 2022) · Q3 operating income (excluding JVs and associates) was SEK 6.1 bn (SEK 3.5 bn in Q3 2022) · Q3 operating income was SEK 4.5 bn (SEK 2.1 bn in Q3 2022) · Q3 EBIT margin (excluding JVs and associates) was 6.7 per cent (4.4 per cent in Q3 2022) · Q3 EBIT margin was 4.8 per cent (2.6 per cent in Q3 2022) · Q3 basic earnings per share was SEK 1.01 (SEK 0.11 in Q3 2022) · Q3 fully electric car sales share at 13 per cent (7 per cent in Q3 2022) Volvo Cars today reports an almost 75 per cent increase in operating profits,