Volvo increases profits in 2023 and aims for new goals. New record of 708,716 passenger cars sold enabled a revenue increase of 21%.
Underlying operating profit of SEK 25.6 billion, excluding joint ventures and associated companies, instead represents an increase of 43% compared to 2022. On the all-electric side, the automaker sold 113,419 all- electric vehicles in 20 23, representing a 70% increase over 2022 and 16% of total global sales volume.