A Volvo EX30 fully electric EV Car is displayed during the Everything Electric London 2024 at ExCel on March 28, 2024 in London, England.
John Keeble | Getty Images News | Getty Images
Swedish automaker Volvo Cars on Wednesday reported an uptick in first-quarter core operating profits driven by strong retail sales.
First-quarter core operating profit was 6.8 billion Swedish kronor ($629 million), an 8% increase year-on-year. The figure excludes joint ventures and associates.
Revenue was 93.9 billion, down 2% from the first quarter 2023.
Retail sales nevertheless rose 12% year-on-year to 182,687 cars, the company said, after a new all-time monthly sales record in March.
“We have had a strong start to the year, with our first quarter results laying a solid foundation for the year ahead,” CEO Jim Rowan said in a statement.
This is a breaking news story. Please check back for updates.
EMEA Tribune is not involved in this news article, it is taken from our partners and or from the News Agencies. Copyright and Credit go to the News Agencies, email [email protected] Follow our WhatsApp verified Channel