Volvo Car AB (publ) publishes Annual and Sustainability Report 2021
Volvo Cars publishes its Annual and Sustainability Report for 2021 on the Investors website. The report can be found here.
In addition to the events and financials of 2021, the Annual and Sustainability Report focuses on the strategic priorities and mid-decade ambitions. Sustainability reporting is integrated in the Annual and Sustainability Report and has been prepared in accordance with GRI Standards Core.
Volvo Cars reported an all-time high revenue and profitability for the full year 2021. The demand for the company’s cars remained strong with growing unit sales, despite persistent component supply shortages in the auto industry.
The company’s revenue for 2021 amounted to SEK 282.0 (262.8) bn. Operating income was SEK 20.3 bn for the year, up from SEK 8.5 bn in Covid-19 affected 2020. The operating margin for the period was 7.2 per cent.
This disclosure contains information that Volvo Car AB (publ) is obliged to make public pursuant to the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 5 April 2021 10:00 CEST.
For further information please contact:
Volvo Cars Media Relations
+46 31-59 65 25
media@volvocars.com
Volvo Cars Investor Relations
Alexander Petrofski
+46 31-793 94 00
investors@volvocars.com
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Volvo Cars in 2021
Volvo Car Group recorded an operating profit of 20.3 BSEK. Revenue in 2021 amounted to 282.0 BSEK, while global sales reached 698,700 cars.
About Volvo Car Group
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales to customers in more than 100 countries. Volvo Cars is listed on the Nasdaq Stockholm exchange, where it is traded under the ticker “VOLCAR B”.
Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This is reflected in its ambition to become a fully electric car maker by 2030 and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.
As of December 2021, Volvo Cars employed approximately 41,000 full-time employees. Volvo Cars' head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars' production plants are located in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The company also has R&D and design centres in Gothenburg, Camarillo (US) and Shanghai (China).
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