Volvo’s result is higher than analysts ‘ forecasts. Operating profit amounted to 7,028 million for the first quarter of 2017.
The operating margin was 9.1 percent for the quarter – expected, a margin of 7 per cent. Revenue for the period grew from 75,681 million to 77,365 million.
”We see positive signals in the form of increased orderaktivitet. Our customers continue to take advantage of good freight volumes and we see that demand is good, even in the construction segment,” writes ceo Martin Lundstedt in the interim report.