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Volvo 3Q Earnings Beat Expectations, Truck Markets Seen Lower Next Year

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By Dominic Chopping STOCKHOLM--Volvo posted forecast-beating third-quarter earnings but said demand is beginning to normalize, with truck markets seen...

STOCKHOLM--Volvo posted forecast-beating third-quarter earnings but said demand is beginning to normalize, with truck markets seen weakening next year.

Supply disturbances affected productivity and costs in the quarter, but had limited effect on deliveries, it said. "We have successfully mitigated cost inflation with price management and continued to handle disturbances in the supply chain," Chief Executive Martin Lundstedt said.

 

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