Volvo Cars recorded its best ever half-year results at the end of 2020, shrugging off the coronavirus pandemic to book record profits after strong growth in China and the US.
Although full-year sales and profits dropped, the second-half performance was far better than the first.
For the second half of the year, the Geely-owned carmaker posted SKr9.5bn ($1.1bn) of operating profit and SKr151bn of sales, both records for any six-month period. Net income for the period was SKr9bn, 44 per cent higher than the same period in 2019.
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