Volvo AB Q3 Net Trucks Order Intake Down At 43,234 Trucks
Oct 18 (Reuters) -Volvo AB VOLVb.ST:
AB VOLVO SEES 2025 CHINA CONSTRUCTION EQUIPMENT MARKET AT -5% TO +5%
IN Q3 2024, DEMAND CONTINUED TO NORMALIZE ON MOST OF VOLVO GROUP'S MARKETS
WE ARE SEEING THAT FREIGHT AND CONSTRUCTION ACTIVITY HAS COME DOWN IN MANY REGIONS ACROSS WORLD COMPARED WITH VERY HIGH LEVELS OF LAST YEAR
Q3 NET TRUCKS ORDER INTAKE 43,234 TRUCKS VERSUS 47,202 TRUCKS YEAR AGO
THERE IS SOME UNCERTAINTY ABOUT THE MACROECONOMIC DEVELOPMENT IN THE NEAR TERM
IN Q3, ORDER INTAKE FOR HEAVY-DUTY TRUCKS DECLINED BY 7% COMPARED WITH A YEAR AGO, WHICH REFLECTS CAUTIOUSNESS AMONG SOME CUSTOMERS
DEMAND FOR CONSTRUCTION EQUIPMENT HAS SLOWED DOWN, ESPECIALLY IN EUROPE
DEMAND FOR BUSES CONTINUED TO BE STRONG IN MANY MARKETS, PARTICULARLY FOR COACHES
AB VOLVO SEES 2024 EUROPEAN TRUCK MARKET OF 300,000 UNITS (PREVIOUS VIEW 290,000)
AB VOLVO SEES 2025 EUROPEAN TRUCK MARKET OF 290,000 UNITS
AB VOLVO SEES 2025 BRAZILIAN TRUCK MARKET OF 90,000 UNITS
AB VOLVO SEES 2025 NORTH AMERICAN TRUCK MARKET OF 300,000 UNITS
AB VOLVO SEES 2024 NORTH AMERICAN TRUCK MARKET UNCHANGED AT UNITS 290,000
AB VOLVO SEES 2024 BRAZILIAN TRUCK MARKET UNCHANGED AT 100,000 UNITS
Further company coverage: [VOLVb.ST]
(Gdansk Newsroom)
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