VLVLY - Volvo Posts Q3 Sales Growth Of 15% On Higher Deliveries | Benzinga
Swedish truckmaker Volvo AB (OTCPK: VLVLY) reported Q3 FY23 sales growth of 15% Y/Y and 9% Y/Y (adjusted for currency) to SEK 132.4 billion ($12.24 billion).
Net sales in the truck business rose 13% Y/Y (adjusted for currency) to SEK 89.9 billion, on strong sales across almost all regions.
Order intake of new trucks declined by 27% Y/Y to 47,202 vehicles, while deliveries increased by 4% Y/Y to 55,274 trucks in the quarter.
The adjusted operating income ...