April 17, 2024 06:11 GMT
Volvo Headlines: 1Q24 Results Beat, Outlook Mixed
CAPITAL GOODS
Volvo headlines appear to be a beat on 1Q24 figures but with some mixed outlook stmts - more to follow:
- VOLVO 1Q OPER PROFIT SEK18.16B, EST. SEK17.24B
- VOLVO 1Q ADJ. OPER PROFIT SEK18.16B, EST. SEK17.23B
- VOLVO 1Q NET SALES SEK131.2B, EST. SEK129.18B
- VOLVO SAYS DEMAND CONTINUED TO NORMALIZE AT GOOD LEVELS IN 1Q
- VOLVO 1Q ADJ. OPER MARGIN 13.8%, EST. 13.1%
- VOLVO EXPECTS EUROPEAN CAPACITY TO BE `BACK IN BALANCE' IN 2Q
- VOLVO SAYS MACK TRUCKS ORDER BACKLOGS `ARE STILL EXTENDED'
- VOLVO SAYS CONSTRUCTION DEMAND `HAS COME DOWN' IN MANY MARKETS
- VOLVO SAYS AT VOLVO PENTA, END CUSTOMER DEMAND HAS WEAKENED
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