Volvo reports Q1 EPS SEK 1.12 vs. SEK 1.21 last year

Reports Q1 revenue SEK 93.9B vs. SEK 95.7B last year. “We have had a strong start to the year, with our first quarter results laying a solid foundation for the year ahead,” says Jim Rowan, chief executive officer of Volvo Cars. “We reported double-digit retail sales growth during the quarter, set a new all-time sales record for a single month in March and continued to ramp up production and customer deliveries of the EX30. We delivered improved EV gross margins, which reached 16 per cent, and increased our EV share of sales to 21 per cent.”