Volvo preliminary gross sales beat expectations - Stock Region News

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Wednesday, April 12, 2023

Volvo preliminary gross sales beat expectations


STOCKHOLM — Volvo AB stated late Tuesday that preliminary first-quarter internet gross sales rose 25% on yr to 131.4 billion Swedish kronor ($12.57 billion), beating the SEK118.4 billion anticipated in a FactSet ballot.

In an announcement forward of its full-earnings report due on April 20, the Swedish truck maker SE:VOLV.A SE:VOLV.B stated preliminary first-quarter adjusted working revenue rose to SEK18.4 billion from SEK12.7 billion, with its adjusted working margin rising to 14.0% from 12.0%.

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