Volvo preliminary Q1 financials surprise, delight market

Capt. John

The Volvo Group surprised the markets with a very strong first-quarter preliminary earnings preview — the opposite of a dour prediction just months ago.

Sales amounted to 131.4 billion Swedish crowns ($12.6 billion) compared to SEK 105.3 billion ($10.1 billion) in the same period of 2022.

Adjusted operating income was SEK 18.4 billion ($1.78 billion) versus SEK 12.7 billion a year earlier. Adjusted operating margin was 14% compared to 12%a year ago.

Reported operating income of SEK 17.1 billion...

https://www.freightwaves.com/news/volvo-preliminary-q1-financials-surprise-delight-market

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