A voice for newcomers in Sweden

Volvo in fast lane with its strongest third quarter ever

Volvo Group CEO Martin Lundstedt. Photo: Maja Suslin/TT

Published: 20.Oct.2017 12:26 hrs

Volvo Group posted a strong third quarter on robust demand on Friday, with net profit more than doubling for the world's second-biggest truck maker.

Chief executive Martin Lundstedt said the group had registered growth across the board, noting a 32-percent increase in truck orders and a 45-percent hike in construction equipment ordgers.

The Swedish group's net profit for the July-September period rose to 5.5 billion kronor ($673 million) from 2.6 billion in the same period a year ago.

Read full article on The Local

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