World’s second-largest truck maker saw a 9.8 percent growth in its quarterly profit despite the setback of US currency-drop. The profits were bolstered by a boom in East European sales for the Swedish manufacturer.
While sales increased by 25 percent to 84.6 billion kronors, the company’s income increased from 3.7 billion kronor to 4.06 billion kronor. Volvo’s Chief Executive Officer Leif Johansson commented, “Nearly all markets continued to show favorable development, with the exception of North America and Japan.”