# Volvo Cars Q4 profit lags forecasts
Author:  Pal Sinha,Barnali
Author URL: https://fintechherald.com/author/pal-sinha-barnali
Published: 2022-02-11
Category: Business
Category URL: https://fintechherald.com/category/business
Meta Title: Volvo Cars Quarterly Earnings Fall Below Expectations, Sales Growth Ahead
Meta Description: Discover why Volvo is focusing on sales growth in 2022 despite lower profits. Find out more in this report.
URL: https://fintechherald.com/volvo-cars-q4-profit-lags-forecasts

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STOCKHOLM (Reuters) – Volvo Cars reported on Friday quarterly earnings below expectations, and said it expected to continue growing sales volume in 2022.

The Swedish carmaker’s fourth-quarter operating profit fell to 3.7 billion Swedish crowns ($396.4 million) from 4.9 billion a year ago, compared to a 4.77 billion mean forecast in a Refinitiv poll.

($1 = 9.3353 Swedish crowns)

(Reporting by Helena Soderpalm; Editing by Simon Johnson)


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