Volvo Cars first quarter 2022 – A stable performance in an unstable environment

– – • Revenue increased by 8% to SEK 74.3 (68.6) bn – • Operating income (EBIT) was SEK 6.0 (8.4) bn – • EBIT margin was 8.1 (12.3)% – • EBIT margin, excluding share of income from joint ventures and associates, was 7.9 (8.1)% – • Basic earnings per share was SEK 1.29 (2.28) – • Operating and investing cash flow was SEK –12.3 (–6.9) bn – • Retail sales decreased by 20% to 148.3 (185.7) thousand cars – • Electrified 'Recharge' line-up accounted for 34% of total sales in Q1, of which 8% were fully…

Read the full story at https://www.webwire.com/ViewPressRel.asp?aId=288502

Source: webwire.com
Volvo Cars first quarter 2022 – A stable performance in an unstable environment