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Volvo Cars announced the largest operating profit of 4.2 billion SEK on July 19 for the second quarter of 2018, up 28.6% over the same period the year before. last year, driven by
Second quarter revenues increased by 26.9% to SEK 66 billion and retail sales grew by 14.6%, compared to the same period last year , up to 170,232 cars. Operating profit margin increased to 6.4% from 6.3% in the same period last year.
For the first six months of 2018, Volvo Cars reported an operating profit of 7.8%. SEK billion, an increase of 15.7% over the same period last year and achieved the highest profit ever recorded over a six-month period.
In the first half of 2018, the turnover increased by 23, 6.9% to SEK 122.9 billion, boosted by the best car sales ever recorded by the company for the first six months of the year, with 317,639 units sold, an increase of 14.4% over the first half of 2017. The operating profit margin for this period reached 6.4%.
"These results confirm that Volvo Cars is well positioned for a new period of sustainable global growth," said Håkan Samuelsson, President and Chief Executive Officer of the company. "I'm looking forward to a new year with record sales in 2018 because we want to become a diversified global mobility provider according to our new vision – freedom of movement."
acquired by Zhejiang Geely Holdings in 2010, the company has completely transformed its operations. It has expanded its global production capabilities and has completely renewed the portfolio of models in recent years. In the first half of 2018, it launched the new V60 estate and the S60 high-end sedan, in conjunction with the inauguration of its first production site in South Carolina.
Volvo Cars recently announced new plans for the coming years. through which the company moves – from a car manufacturer to a mobility service provider.
Volvo Cars wants to position itself as the world's first automobile actor. The long-term ambition of the company is to generate half of the total annual sales of fully electric cars, one-third of all cars sold as stand-alone cars and offer half of the cars to its subscription customers
These initiatives will transform its customer relationships, with the goal of building a total of more than 5 million direct customer relationships in the middle of the next decade, generating new and stable sources of revenue. This goal will give the company more potential to develop connectivity services and other services for its customers
Volvo Car Group in 2017
For the l & # 39; Fiscal 2017, Volvo Car Group achieved a record operating profit of MSEK 14,061 (MSEK 11,014 in 2016). The turnover of this period amounts to 210 912 MSEK (180 902 MSEK). For the year 2017, global sales reached a record 571,577 cars sold, an increase of 7.0% over 2016. The results highlight the financial and operational transformations of Volvo Cars in recent years, positioning the company for its next stage
About Volvo Car Group
Volvo began production in 1927. Today, Volvo Cars is one of the world's largest The world's most popular and respected car brands, with a turnover of 571,577 In 2010, Volvo Cars is owned by Zhejiang Geely Holding (Geely Holding) in China. Initially, the company was part of the Volvo Group in Sweden – until 1999, when Ford Motor Company bought it in the United States
In Romania, Volvo cars are distributed by the company EIT Auto Forum, a 20-year-old local market business
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