Volvo Cars H1 profit up 21% on China sales
20 July 2017 4:39 PM GMT
Volvo Cars has reported strong growth in operating profit of SEK6.8bn in the first half of 2017, compared to SEK5.6 bn for the same period last year, after taking market share across Europe and experiencing a robust sales increase in China. Revenues rose to SEK99.1bn from SEK84.2bn in the first six months of 2016, while the operating profit margin improved to 6.8 per cent from 6.6 per cent a year earlier.
Sales for the first 6 months of the year increased 8.2 per cent compared to the same period last year to 277,641 cars. The increase in sales means Volvo Cars remains firmly on course for a fourth consecutive record year.
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