Sales amounted to SEK 112 billion, compared with SEK 130 billion a year earlier. During the first half of the year, Volvo sold 270,000 cars, a decrease from 340,000 during the same period last year.
- Market conditions during the first half of the year were challenging, according to Volvo Cars' CEO Håkan Samuelsson.
In a comment to the interim report, Håkan Samuelsson writes:
“I am convinced that we are well positioned for a strong recovery in the market during the second half of the year. If the market recovers as we expect, we expect sales volumes to return to the levels we saw in the second half of 2019 and it is our ambition to achieve the same profit levels and cash flow. ”