Volvo Car Group (Volvo Cars) expects sales and profitability to show a clear improvement in 2015, driven by continued growth in China and Europe and a return to growth in the US, according to president and chief executive Håkan Samuelsson.
The combined effect of this strong global performance and the introduction of the redesigned XC90 during 2015 means overall sales should approach 500,000 cars, up from 465,866 in 2014, said Samuelsson. Increased sales will drive the company’s improvement in profitability for the full year, aided by favourable currency movements, he added.
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By GlobalDataThe confident forecast for 2015 follows a solid 2014 in which sales hit a new record of 465,866 cars, up 8.9% compared with 2013, and operating profit increased to SEK2,252m from SEK1,919m.
“Volvo’s story in 2015 will continue to be one of growth and sustainable profitability,” said Samuelsson.
“This year, however, we will undoubtedly receive a boost after we start delivering the new XC90 to customers. This car is already a success. We have already received orders for around 17,000, around a third of expected volume in 2015.
