Arab Today, arab today solid volvo report lifts shares 5
Last Updated : GMT 08:47:17
Arab Today, arab today
Arab Today, arab today

Solid Volvo report lifts shares 5%

Arab Today, arab today

Arab Today, arab today Solid Volvo report lifts shares 5%

Stockholm - Arabstoday

Good demand for Volvo\'s trucks in the face of macroeconomic uncertainty led to record second-quarter operating profit and boosted its shares yesterday. A soft point was construction equipment, where it downgraded its market outlook due to a slowing Chinese market. Volvo, the world\'s second largest truck maker after Germany\'s Daimler AG, was slammed by a sudden demand stop during the global crisis, but has boomed in the pick up. \"During the second quarter, the Volvo Group\'s sales continued to grow as an effect of a continued recovery in the group\'s mature markets and continued strong demand in emerging markets,\" Chief Executive Leif Johansson said. Johansson, due in September to leave the company after 14 years at its helm, said group sales were now at the same level as before the financial crisis, with profitability at its highest level so far. The Swedish group, which makes heavy-duty trucks under the Renault, Mack, UD Trucks and Eicher brands, reported operating profit rose 60 per cent to 7.65 billion crowns (Dh4.45 billion), compared with a forecast 7.67 billion in a Reuters poll. Its shares opened up about 5 per cent. In contrast, Swedish rival Scania saw weaker-than-expected margins bite into quarterly earnings on Thursday. From / Gulf News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today solid volvo report lifts shares 5 Arab Today, arab today solid volvo report lifts shares 5

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today solid volvo report lifts shares 5 Arab Today, arab today solid volvo report lifts shares 5

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Auto: أخبار السيارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday