Volvo’s third-quarter profit rises as truck orders climb 26%

This compares with SEK 11.7 billion in the corresponding quarter last year.

Analysts had expected an adjusted operating profit of SEK 14.8 billion on average, according to Bloomberg.

“While market conditions vary between regions and segments, our focus remains on what we can influence,” CEO Martin Lundstedt says in a comment in the report.

Truck orders rose to 46,918 vehicles in the third quarter, from 37,134 a year earlier. The average forecast was 46,502 vehicles.

Net sales during the quarter rose to SEK 119.5 billion, from SEK 110.7 billion.