Truck Maker Volvo Posts Record Q1 As Sales, Margins Beat Forecasts
OSLO (Reuters) -AB Volvo reported record first-quarter profit, a preliminary filing showed late on Tuesday, as the truck maker boosted its revenue and margins despite supply bottlenecks and cost inflation. Its adjusted operating profit rose 45% to 18.4 billion Swedish crowns ($1.76 billion) for the January-March quarter, well above the 12.9 billion expected by analysts…
