Reported 1 day ago
Volvo's fourth-quarter profits declined more than anticipated due to slipping sales impacting profit margins, despite a robust 24% increase in truck orders. The Swedish truckmaker's operating profit was 14.04 billion crowns, down from the previous year's 16.98 billion, yet orders surged, particularly in Europe and North America. Volvo announced an increase in its dividend for 2024, reflecting confidence in recovery despite current sales challenges.
Source: YAHOO