Salem Radio Network News Friday, August 19, 2022


Truck maker AB Volvo Q4 core profit matches forecast

STOCKHOLM (Reuters) – Swedish truck maker AB Volvo reported fourth-quarter core earnings in line with market expectations on Friday and said demand for trucks across key regions remained high.

Adjusted operating profit at the maker of trucks, construction equipment, buses and engines fell to 10.06 billion Swedish crowns ($1.07 billion) from 10.93 billion a year ago, matching the 10.00 billion seen by analysts in a Refinitiv poll.

($1 = 9.3707 Swedish crowns)

(Reporting by Johan Ahlander; Editing by Simon Johnson)


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