On 22 October 2024, Volvo Cars reported its financial results for the third quarter. Overall, it performed relatively well: operating profits stood at SEK 5.8bn (US$547.6m), a notable improvement on SEK 4.5bn in Q3 2023. Revenue was also slightly improved: SEK 93bn against SEK 92bn the year before. Gross margins came in at 20.5%, which it states are “broadly in line” with its underlying operational gross margins for the year to date.
Subscribe to Automotive World to continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Already a member?