The result was better than expected, but sales fell short of the average forecast according to Bloomberg.
Turnover fell to 101.5 billion, against 102.2 billion a year earlier.
The Gothenburg-based car manufacturer – which is controlled by Chinese Zhejiang Geely Holding – is, among other things, one of the largest owners of the crisis-stricken electric car manufacturer Polestar.
Prior to the report, the share in Volvo Cars has risen by almost 8 percent so far this year.