FILE PHOTO: The logo of Volvo is seen on the front grill of a Volvo truck in a customer showroom at the company’s headquarters in Gothenburg, Sweden, September 23, 2008. REUTERS/Bob Strong/File Photo
STOCKHOLM (Reuters) – Sweden’s AB Volvo (VOLVb.ST) inched up its market growth outlook for North America and Europe, as strong deliveries for its trucks and construction equipment as well as continued easing of supply chain bottlenecks helped it beat quarterly profit expectations.
Operating profit at the maker of trucks, construction equipment, buses and engines rose to 15.11 billion Swedish crowns ($1.62 billion) from 12.34 billion a year ago, beating the 13.34 billion mean forecast by analysts according to Refinitiv.
Reporting by Esha Vaish in Stockholm; editing by Johannes Hellstrom