Golden year for Volvo Cars

Volvo Cars has tripled profits to SKr 6.6 billion, readying the company to go out onto the bond market. For the second year in a row Volvo broke its sales record with over 503,000 cars sold, bringing earnings to over SKr 163 billion, 19% compared to the previous year.

The majority of operating profits came in during the first half of the year, around SKr 5 billion, due to volumes and also to Volvo selling many of the XC90 and XC60 models with high margins.