Volvo Cars, the premium car maker, has reported a strong 27.7 per cent increase in operating profit in 2017, earning a record SEK14.1 billion compared to SEK11.0 billion in 2016, driven by global sales of 571,577 cars.
Volvo Cars, the premium car maker, has raised EUR 500 million via a new bond issue under its newly established Euro Medium Term Note Programme. The issue further improves the company’s financial flexibility and diversifies its funding sources.