Volvo had its strongest financial year on record in 2021, reporting best-ever revenue and profitability even in spite of the ongoing supply chain crisis.
The company recorded revenues of SEK 282bn (£22.35bn) in 2021, up from SEK 262.8 (20.84bn) in 2020 – with operating income soaring by SEK 11.8bn (£0.94bn) year-on-year.
Outgoing chief executive Håkan Samuelsson, commenting on his final quarterly report as Volvo CEO before stepping down in March, said: “2021 was a year to be proud of for Volvo Cars. Despite persistent component supply shortages in the auto industry, we increased market share globally and delivered all-time high revenue and profitability".
