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Volvo Trucks Rev Up Q3 Earnings on Strong Sales
23 Oct
Summary
- Volvo AB reported strong third-quarter earnings.
- Adjusted operating profit reached 14.7 billion kronor.
- The truckmaker plans a gradual increase in production.
Volvo AB reported robust earnings for the third quarter, a period marked by significant positive momentum in both North America and Europe. The Swedish truckmaker's adjusted operating profit for the three months concluding in September reached 14.7 billion kronor, equivalent to $1.32 billion. Based on these favorable results, Volvo AB is now preparing to gradually increase its production levels. This strategic decision reflects confidence in sustained demand and operational capacity.
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