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Volvo Cars reports increase in operating profits in Q2, 2023

On July 20, Volvo Cars announced that its second-quarter Q2,2023 revenue stood at SEK 102.2 billion, against SEK 71.2 billion in Q2 2022, displaying a growth of 43.33% y-o-y. Its EBIT margin dropped to 4.9% compared to 15.1% in Q2,2022.
During the second quarter, Volvo Cars sold 178,800 units displaying an increase o....

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