April 24, 2019 / 5:43 AM / a month ago

Swedish truckmaker Volvo Q1 profit beats forecast

STOCKHOLM, April 24 (Reuters) - Swedish truckmaker AB Volvo reported a first-quarter operating profit that beat market expectations on Wednesday on the back of higher vehicle sales and stronger pricing while easing supply chain constraints yielded efficiency gains.

Adjusted operating income at the maker of trucks, construction equipment, buses and engines rose to 12.70 billion Swedish crowns ($1.36 billion) from 8.30 billion a year ago, and beat the mean forecast of 10.19 billion in a poll of analysts.

The company also reiterated its truck markets outlook for all of its markets for the year. ($1 = 9.3674 Swedish crowns) (Reporting by Esha Vaish; editing by Niklas Pollard)

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