STOCKHOLM (Reuters) - Swedish truckmaker AB Volvo reported a bigger than expected rise in quarterly earnings on Tuesday as strong demand across most major commercial vehicles markets boosted sales and order intake in the first quarter.
The company also raised its outlook for the North American truck market but said pressure on its supply chain in its trucks business had dented profitability in the quarter.
Operating profit at the group, which also makes construction equipment, buses and engines, rose to 8.30 billion Swedish crowns from a year-ago 6.83 billion to beat a mean forecast of 8.17 billion seen in a poll of analysts.
(Reporting by Niklas Pollard and Johannes Hellstrom)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app