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- Volvo Cars’ third quarter 2017 operating profit rises 77.5 per cent to SEK 3.7 billion

K1600 213093 New Volvo XC40 exterior

Volvo Cars’ third quarter 2017 operating profit rises 77.5 per cent to SEK 3.7 billion

Volvo Cars, the premium car maker, today reports its financial result for the third quarter and first nine months of 2017.

Highlights from the financial report include the following:

K1600 213087 New Volvo XC40 exterior K1600 213119 New Volvo XC40 exterior

Third quarter:

  • Operating profit of MSEK 3,669, an increase of 77.5 per cent compared to Q3 2016
  • Net revenue up to MSEK 48,880, up 18.4 per cent versus Q3 2016
  • Net income of MSEK 2,513, an increase of 89.4 per cent compared to Q3 2016
  • EBIT margin of 7.5 per cent, versus 5.0 per cent in the third quarter of 2016
  • Global third-quarter retail sales up 10.6 per cent to 135,831 cars

K1600 213085 New Volvo XC40 exterior

First nine months:

  • First nine months operating profit of MSEK 10,445, an increase of 36.4 per cent compared to the same period in 2016
  • Net revenue for first nine months of MSEK 149,250, up 18.9 per cent vs first nine months of 2016
  • First nine months net income of MSEK 7,262, an increase of 42.1 per cent year-on-year
  • EBIT margin of 7.0 per cent, compared to 6.1 per cent in the first nine months of 2016
  • Global retail sales for first nine months up 9.0 per cent to 413,472 cars

K1600 213092 New Volvo XC40 exterior

Outlook:

  • The company expects to report a fourth consecutive global sales record for the full year