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The Volvo Truck Group meets analysts' expectations for most of the questions in Thursday's quarterly report. But CEO Martin Lundstedt writes that high demand means that supply chain constraints will last in the near future.
Volvo's operating profit, excluding non-recurring items, amounted to SEK 11,519 million for the second quarter of 2018. Analysts had calculated an adjusted operating profit of 10 million SEK 001 million, according to SME Direct Summary before the report
. quarter. We were expecting an adjusted margin of 9.9%.
Sales amounted to 103 623 million SEK for the period. Here, the SME Direkt consensus of 101.223 million SEK was found.
Volvo works hard with its subcontractors to meet the demand and reduce delivery times to its customers
"Given the high demand, In the supply chain will last in the near future Martin Lundstedt explains in the report
In the second quarter, demand for the European truck market continued to be at a good level with a high level of activity in the transport sector. increased, mainly due to growth of the long-haul segment.
Volvo recorded a 10% increase in its worldwide truck sales during the quarter.
Volvo describes the sales development situation in some parts supply chain, mainly in North America.
Truck deliveries increased by 14% and net sales by 16% .All sectors of activity the trucking industry improved their profitability, which increased operating profit to SEK 7.2 billion (5.3) with operating margins. 11.1% (9.4).
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