Volvo Group financials

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SEK	FY, 2018	FY, 2019	FY, 2020	FY, 2021
Revenue	390.8B	432.0B	338.4B	372.2B
Cost of goods sold	285.0B	306.3B	238.7B	263.7B
Gross profit	105.8B	126.4B	99.9B	108.6B
Gross profit margin, %	27.1%	29.2%	29.5%	29.2%
Operating expense total	54.9B	60.0B	51.7B	47.9B
Depreciation and amortization	18.4B	20.6B	20.6B	18.7B
EBITDA	52.9B	69.8B	50.0B	60.7B
EBITDA margin, %	13.5%	16.2%	14.8%	16.3%
EBIT	34.4B	49.2B	29.4B	42.0B
EBIT margin, %	8.8%	11.4%	8.7%	11.3%
Interest income	263.0M	320.0M	299.0M	358.0M
Interest expense	1.9B	2.0B	1.6B	1.4B
Pre tax profit	32.1B	46.8B	25.9B	43.2B
Income tax expense	6.8B	10.3B	5.8B	9.9B
Net Income	25.4B	36.5B	20.1B	33.2B

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