Volvo global sales on a fast climb even after 90 years in business |


Published on April 18th, 2017 | by Daniel Sherman Fernandez


Volvo global sales on a fast climb even after 90 years in business

Volvo is celebrating its 90th birthday this year on the 14th of April and the company continues to rake in profits with its new range of vehicles. Since 2014 Volvo has annually set a new global sales record, a streak it expects to continue in 2017 by topping the current high of 534,332 that was reached last year.

The company’s 2016 operating profit rose 66% to 11 billion Swedish crowns (USD1.24 billion) and revenue increased 10 percent to 180.7 billion crowns. That helped improve the automaker’s profit margin to 6.1% compared with a 4% margin in 2015. In 2013, Volvo’s operating margin was just 1.6%. The goals for 2020 are even tougher: global sales of 800,000 vehicles and a profit margin of 8%.

Volvo’s continued revival under Chinese owner Zhejiang Geely Holding seems to be on the right track.


About the Author is a service to the public and other website owners. is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained within the site While the information contained within the site is periodically updated, no guarantee is given that the information provided in this website is correct, complete, and up-to-date. is not responsible for the accuracy or content of information contained inside.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top ↑