Volvo boosts revenue and bets on EX30 to double sales

Piet Andries

February 10, 2023

Last year’s profit at Volvo was saved by the listing of Polestar, but for its own operations it fell by 15,7% /Volvo

Due to the supply chain shortage and global economic constraints, Volvo sales dwindled by 12% last year. This hasn’t affected revenue, which grew by 17%. But profit fell back, while the operational margin stuck to 3,2%. “This is not where we want to be,” commented CFO of Volvo, John Ekdahl. I
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