Volvo Car Group, the premium car maker, has reported third quarter operating profit of SEK2,067m compared to SEK1,276m in the same period last year and a year-on-year increase in revenue to SEK41,1bn from SEK36.1bn previously. The operating margin rose from 3.5 per cent in the third quarter of 2015 to 5 per cent in 2016.
Volvo Cars reported a solid double-digit sales increase for the first six months of the year, posting growth of 10.5 per cent to 256,563 cars compared to the same period in 2015. Sales of the new Volvo XC90 were the main growth driver globally.
Volvo Cars, the premium car maker, has announced a robust start to 2016 with operating profit for the first three months of the year increasing strongly to SEK 3.1bn and the operating profit margin reaching 7.5 per cent, as sales improved in Europe, Asia and the US.
The new Volvo S90 luxury sedan made its Chicago debut today at the Chicago Auto Show, while the XC90 SUV presented with three awards. Volvo’s complete lineup of premium cars will be on display at McCormick Place February 12-21.