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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.

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