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Abstract:STOCKHOLM (Reuters) – Swedish truck maker AB Volvo reported first-quarter core earnings well above market expectations on Friday as it juggled strong market demand with a strained supply chain that put a cap on its ability to grow order books.
div classBodysc17zpet90 cdBBJodivpSTOCKHOLM Reuters – Swedish truck maker AB Volvo reported firstquarter core earnings well above market expectations on Friday as it juggled strong market demand with a strained supply chain that put a cap on its ability to grow order books.p
pAdjusted operating profit at the maker of trucks, construction equipment, buses and engines rose to 12.68 billion Swedish crowns 1.33 billion from 11.82 billion a year ago, well ahead of the 10.55 billion seen by analysts in a Refinitiv poll.pdivdivdiv classBodysc17zpet90 cdBBJodiv
pThe results excluded a previously announced provision related to the war in Ukraine.p
p1 9.4982 Swedish crownsp
p
pp Reporting by Niklas Pollard, editing by Supantha Mukherjeep
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