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AB Volvo profit misses forecast, expects flat truck sales

Swedish truck maker AB Volvo has forecast stagnant demand next year and posted a bigger-than-expected slide in quarterly adjusted earnings, after reduced freight and construction activity limited vehicle sales.

Business • 18 Oct 24

Volvo said it expects sales 330,000 heavy trucks in the European market this year

Truck maker Volvo raises outlook after Q2 profit jump

Swedish truck maker AB Volvo has today reported a bigger-than-expected jump in second-quarter adjusted operating profit and raised its market outlook for Europe and North America.

Business • 19 Jul 23

AB Volvo has suspended all sales, service and production in Russia, which last year stood for about 3% of its net group sales

AB Volvo takes $423m provision amid Russia uncertainty

AB Volvo will keep provisions worth 4 billion crowns ($423.23m) and expects a negative impact on its first-quarter operating income this year due to uncertainty caused by the Russia-Ukraine war, the Swedish truck maker said today.

Business • 08 Apr 22

Volvo said net order intake in the third quarter amounted to 57,530 trucks, up 61% from a year earlier

Truckmaker Volvo breezes past Q3 earnings forecasts

Swedish trunk-maker AB Volvo has reported third-quarter core earnings well above markets forecasts and a big jump in order intake as a recovery from a deep Covid-19-induced slump earlier in the year continued to gain pace.

Business • 16 Oct 20

AB Volvo said its bookings fell 5% year-on-year in June, compared with a 90% plunge in April

AB Volvo posts forecast-beating profit despite pandemic

Swedish truck maker AB Volvo eked out a better-than-expected core profit in the second quarter as it weathered the coronavirus pandemic.

Business • 17 Jul 20

China's Geely Holding to buy an 8.2% stake in Swedish truck maker AB Volvo

Geely takes $3.3 billion stake in Sweden's AB Volvo

China's Geely Holding, which already owns the Volvo Car Group, is buying an 8.2% stake in Swedish truck maker AB Volvo from activist investor Cevian Capital for around $3.3 billion.

Business • 27 Dec 17