Volvo Group reports strong Q4 results but caution for 2024

Capt. John

Sweden’s Volvo Group reported a 10% increase in fourth-quarter sales and mostly positive financial metrics for Q4 and 2023. But the truck, bus and construction equipment maker suggested softening sales this year as pent-up pandemic demand has largely been met.

Volvo posted net income of $1.16 billion, or 59 cents per diluted share, in the final three months of 2023, up 80.6% compared with $641.4 million, or 31 cents, in the same period a year earlier.

For the full year 2023, Volvo increased net...

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