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Profits at Volvo Rise Despite Drop in Truck Orders

2015-10-24 11:28:41| Appliances - Topix.net

Volvo AB said the krona's decline on currency markets helped boost third-quarter operating profit even as truck orders, a predictor for future sales, dropped 15%. Earnings excluding interest, taxes and costs related to restructuring surged 75% to 5.1 billion kronor , Gothenburg, Sweden-based Volvo said in a statement Oct. 23. Advance sales contracts for trucks declined to 42,648 vehicles, while orders for construction equipment dropped even more, falling 34% to 7,898 units.

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