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.
The S90 is Volvo’s new premium 4-door, 5-seat flagship sedan. It is built on the new Scalable Product Architecture (SPA), Volvo’s advanced modular product platform that will underpin all new Volvo cars in the 90 and 60 Series.
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.
Volvo Car Group, the premium car maker, trebled its operating profit for 2015 to SEK6.620bn compared to SEK2.128bn for the same period in 2014. Revenue for the year was SEK164,043m, up from SEK137,590m in 2014.
Volvo Cars has chosen the North American International Auto Show (NAIAS) in Detroit to launch its new signature premium sedan, the S90, underscoring its long term commitment to the US market and providing a clear sign of its confidence in continued sales growth in the coming year.