Cookie Consent by Free Privacy Policy website Volvo Cars reports first-quarter 2019 results
may 02, 2019 - Volvo Cars

Volvo Cars reports first-quarter 2019 results


CEO #hakansamuelsson

“The sales growth in the first quarter proves the appeal of Volvo Cars’ product portfolio. We grew in all three regions and revenue continued to rise faster than volumes. Compared with last year, profitability was affected by higher tariffs and increased price pressure in many markets.”

Highlights from the financial report include the following:

  • Global first-quarter retail sales up 9.4 per cent to 161,320 cars
  • Net revenue up to MSEK62,910, up 10.7 per cent versus Q1 2018
  • Operating profit of MSEK2,919, a decrease of 19.3 per cent compared to Q1 2018
  • Net income of MSEK2,005, a decrease of 21.6 per cent compared to Q1 2018
  • EBIT margin 4.6 per cent, versus 6.4 per cent in Q1 2018

Outlook for 2019:

  • Volvo Cars expects continued growth in sales and revenue
  • Volvo Cars expects market conditions to put continued pressure on margins

The full financial report can be found on the Volvo Cars Investor Relations website.

The information was submitted for publication, through the agency of the contact person set out above, at 06:00 CET on 25 April 2019.

Related news

february 25, 2022
april 17, 2020
february 10, 2020

Press release available only in original language. • Il CCO di #hyundai Motor Group è stato premiato con il prestigioso riconoscim...

Volvo Cars is restarting production at its Torslanda plant in Sweden on Monday (20 April), following a short period of downtime re...

Volvo Cars today reports that revenue for 2019 rose by 8.5 per cent to SEK274.1 billion, compared with revenue of SEK252.7 billion...

You might be interested in

january 09, 2020
june 13, 2019
september 14, 2018

Volvo Cars has set a new, sixth consecutive global sales record in 2019, breaking the 700,000 cars sold mark for the first time in...

Volvo Cars, a leader in #automotive safety, and #Uber, the leading ride-hailing firm, today present a jointly developed production...

Volvo Cars has extended the contract of chief executive and president #hakansamuelsson by another two years to 2022. The extension...