Tag Archives: Swings
Volvo Car Swings To Loss In Q2
(RTTNews) - Volvo Car AB (VLVCY, VOLCAR-B.ST), a Swedish manufacturer of luxury vehicles, on Thursday announced that it reported a net loss in the second quarter compared to the previous year.
The decline was largely driven by reduced wholesale volumes and negative currency impacts from a stronger Swedish krona during the quarter, though higher used car sales helped cushion the effect.
For the second quarter, net loss came in at SEK 8.10 billion compared to net income of SEK 5.65 billion last year.
Loss per share was SEK 2.53 versus earnings per share of SEK 1.79 in the previous year....
