Volvo Cars reports 40.8 per cent growth in the first quarter of 2021
Volvo Cars reported the best first quarter in its history as the company’s global sales increased by 40.8 per cent compared with the same period last year.
Total sales during the period amounted to 185,698 cars, up from 131,889 cars in the same period last year. In Europe and the US, the company managed to improve sales compared to the first quarter last year, while managing to cope with the ongoing effects of the pandemic.
Volvo Car Group in 2020
For the 2020 financial year, Volvo Car Group recorded an operating profit of 8.5 BSEK (14.3 BSEK in 2019). For the full year of 2020, global sales reached 661,713 cars (705,452), a decline of 6.2 per cent compared to 2019.
About Volvo Car Group
Volvo Cars was founded in 1927. Volvo Cars has been under the ownership of the Zhejiang Geely Holding since 2010.
Apr 07, 2021 at 22:19