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Substantially the height of sales for Volvo

Analysts had on average expected a profit of 11.228 million, according to Reuters compilation. Turnover amounted to 107.208 million, compared with 89.143 mill

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Substantially the height of sales for Volvo

Analysts had on average expected a profit of 11.228 million, according to Reuters compilation.

Turnover amounted to 107.208 million, compared with 89.143 million a year earlier, according to the report.

20% to 107.208 million where the increase took place mainly in North and south America. In north America, the company sees an increase of 48%, in south America, 51 percent.

president and Ceo Martin Lundstedt says to TT if the explanation to the result:

" We have seen a healthy market but we also see that the disturbances we had in the supply chain has gradually decreased. We are very happy, this is a strong result.

gone down, he says:

" It looks more dramatic than it actually is. The main explanation is the low orderintag in north America then we are sold out in 2019 and, therefore, has been restrictive to open the order books. The second reason is a certain decline in Europe due to the high comparative figures.

Despite a reduction in orders, leaving the company its forecast for 2019 is unchanged in all markets, for north America is the 300,000 heavy trucks while the figure in China is located on 970.000 heavy-duty trucks.

also Read: Here, Volvo will create future vehicles

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