Currently reading: Volvo reports record revenues and profitability in 2021

Brand nudges 700,000 global sales in spite of supply chain crisis, with XC60 accounting for over a third

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.