Geely's Volvo Cars has reported 'everything up' financial results for the third quarter and first nine months of 2017.

Highlights included third quarter operating profit of SEK3,669m (US$439m), up 77.5% compared with Q3 2016; net revenue up to SEK48,880m, up 18.4% versus Q3 2016; net income of SEK2,513m, an increase of 89.4% compared with Q3 2016 and EBIT margin of 7.5%, versus 5.0% in the third quarter of 2016.

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Global third-quarter retail sales were up 10.6% to 135,831 cars.

First nine months operating profit was SEK10,445m, an increase of 36.4% compared with the same period in 2016; net revenue for the first nine months was SEK149,250m, up 18.9% versus first nine months of 2016; first nine months net income was SEK7,262m, an increase of 42.1% year on year and EBIT margin of 7.0% compared with 6.1% in the first nine months of 2016.

Global retail sales for the first nine months were up 9.0% to 413,472 cars.

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