Volvo Cars today reported its highest ever quarterly operating profit of SEK4.2 billion for the second quarter of 2018, an increase of 28.6 per cent compared with the same period last year driven by a strong increase in global retail sales.
Revenue in the second quarter increased by 26.9 per cent to SEK66.0 billion, as retail sales rose 14.6 per cent to 170,232 cars. The operating profit margin for the period came in at 6.4 per cent, up from 6.3 per cent the same period last year.
For the first six months of 2018, Volvo Cars reported an operating profit of SEK7.8 billion, an increase of 15.7 per cent compared to the same period last year and the highest ever profit for a six-month period. Revenue in the first half of 2018 increased by 23.6 per cent to SEK122.9 billion, boosted by the company’s best ever first six months of sales of 317,639 cars, an increase of 14.4 per cent compared to the first half of 2017.
