The full-year revenue of 391 billion kronor (43.1 million dollars) rose 17 per cent compared to 2017, and was the highest in the group’s history, chief executive
Strong demand in many markets, including
Net sales in the quarter, adjusted for currency movements and acquired and divested units, rose 10 per cent to almost 106 billion kronor.
Net income for the quarter was 2.6 billion kronor, a decline of 44 per cent year-on-year, according to the group, which does not include the brand’s
A provision of 7 billion kronor for costs linked to an emission control component that could degrade faster than anticipated weighed on results.
Truck orders declined by 14 per cent in the three-month period to about 59,500 trucks. The decline partly reflected large orders placed in 2017 in
Volvo expected “demand for trucks to be on historically good levels also in 2019,” Lundstedt said.
In addition to trucks, the
The Volvo car division is owned by Chinese group
Volvo’s first truck was produced in 1928.
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