Truckmaker Volvo Group's Q1 operating profit lags forecast (updated)

Volvo AB

24/04/2026 06:32

Refiles story to correct day in first paragraph to Friday (not Thursday

STOCKHOLM, April 24 (Reuters) - Truckmaker Volvo Group VOLVb.ST reported a bigger drop than expected in first-quarter operating profit on Friday but increased the market outlook forecast for Europe truck registrations.

Operating profit was 10.68 billion Swedish crowns ($1.15 billion) against a year-earlier 13.26 billion and an average expectation among analysts of 11.39 billion in an LSEG poll.

 Volvo raised its forecast for this year's overall European heavy truck market to 310,000 units from 305,000 seen in January, while maintaining the outlook for North American heavy truck sales at 265,000 vehicles.

($1 = 9.2673 Swedish crowns)

 (Reporting by Marie Mannes, editing by Terje Solsvik)

 ((marie.mannes@thomsonreuters.com; +46 8 502 423 82))