Finance
Truckmaker Volvo Group's Q1 Operating Profit Lags Forecast
Published by Global Banking & Finance Review®
Posted on April 24, 2026
1 min readLast updated: April 24, 2026
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Truckmaker Volvo Group's Q1 operating profit lags forecast
Volvo Group Q1 2024 Financial Results Overview
(Refiles story to correct day in first paragraph to Friday (not Thursday)
First-Quarter Operating Profit Performance
STOCKHOLM, April 24 (Reuters) - Truckmaker Volvo Group 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 Figures and Analyst Expectations
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.
Market Outlook for Europe and North America
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.
Additional Information
($1 = 9.2673 Swedish crowns)
(Reporting by Marie Mannes, editing by Terje Solsvik)
Frequently Asked Questions about Truckmaker Volvo Group's Q1 operating profit lags forecast
1What did Volvo Group report for Q1 operating profit?
Volvo Group reported a bigger drop in first-quarter operating profit than expected.
2Did Volvo Group revise its market outlook?
Yes, Volvo Group raised its market outlook forecast for European truck registrations.
3Who reported and edited the news article?
The article was reported by Marie Mannes and edited by Terje Solsvik.
