Source: www.reuters.com
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STOCKHOLM (Reuters) - Swedish truck maker AB Volvo reported first-quarter core earnings well above market expectations on Friday as it juggled strong market demand with a strained supply chain that put a cap on its ability to grow order books.
Adjusted operating profit at the maker of trucks, construction equipment, buses and engines rose to 12.68 billion Swedish crowns ($1.33 billion) from 11.82 billion a year ago, well ahead of the 10.55 billion seen by analysts in a Refinitiv poll.
The results excluded a previously announced provision related to the war in Ukraine.
($1 = 9.4982 Swedish crowns)
Reporting by Niklas Pollard, editing by Supantha Mukherjee
