Double profit for Volvo Cars

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Profit before tax increased to SEK 9,999 million, compared with SEK 4,368 million in the same period in 2021.

The result was significantly better than expected. Analysts had expected an average profit of SEK 4.77 billion, according to a compilation by the news agency Bloomberg.

At the same time, sales fell slightly to SEK 71.3 billion, compared with SEK 72.5 billion.

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