AB Volvo, a prominent name in the commercial vehicle sector, announced on Thursday that its second-quarter net income rose to 15.58 billion Swedish kronor, surpassing the previous year's 10.82 billion kronor.
Earnings per share increased to 7.65 kronor from 5.30 kronor in the prior year.
However, the company's adjusted operating income declined to 19.45 billion kronor from 21.86 billion kronor last year. Similarly, the adjusted operating margin dropped to 13.9% from 15.4% in the previous year.
Net sales amounted to 140.25 billion kronor, slightly lower than the 140.69 billion kronor recorded last year. When adjusted for currency fluctuations, net sales remained flat.
Regional sales trends revealed growth in North and South America, while sales decreased in Europe, Asia, and regions encompassing Africa and Oceania.
The net order intake for trucks fell to 47,760 units, down from 48,308 units last year. Total truck deliveries reached 58,935, marking an 8% decrease compared to the previous year. Notably, the delivery of heavy-duty trucks remained consistent with last year's figures.
In the construction equipment segment, order intake grew by 9%, driven primarily by North America and China. However, the total deliveries of construction machines declined by 10%, due to reduced shipments in both Europe and North America.
