Volvo: 2022 sales up 17%

(CercleFinance.com) - Volvo Cars' sales reached 330.
1 billion SEK in 2022, up 17% year-on-year (vs. 282 billion SEK in FY 2021).

The company says that this is the best sales figure ever in the company's history, thanks to a better product range, higher prices for cars, favourable FX factors and contract manufacturing with Polestar.

Sales of fully electric cars accounted for 11% of total sales (4% in FY2021)

EPS reached 5.23 SEK in 2022 compared to 4.72 SEK in 2021.

Q4 sales reached 105.2 billion SEK, compared to 80.1 billion SEK in Q4 2021. Operating profit was 3.4 billion SEK (3.7 billion SEK in Q4 2021), while EPS amounted to 0.82 SEK (vs. 0.66 SEK).



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