The car manufacturer Volvo Cars reports an operating profit of SEK 5.8 billion for the third quarter of the year. During the corresponding quarter a year earlier, the profit was 4.5 billion. At the same time, the market’s expectations were for an operating profit of almost SEK 5.1 billion.
Revenues amounted to SEK 92.8 billion, compared to SEK 92 billion a year earlier.
Volvo Cars is listed on the stock exchange, but is controlled by the Chinese Zhejiang Geely Holding and is, among other things, one of the major owners of the electric car manufacturer Polestar.