World, As Seen from the most beautiful islands: Ireland and Cyprus

Volvo kept revenue target thanks to Brazil truck demand

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Truck and bus manufacturer Volvo managed to keep its revenue stable in the fourth quarter on an annual basis, despite difficult conditions in important markets. This was partly thanks to a boost in Brazil, where the demand for trucks unexpectedly increased.

In the fourth quarter, Volvo revenues remained virtually unchanged at 105 billion Swedish krona, equivalent to almost 10 billion euros. 6.8 billion crowns remained below the line.

Volvo delivered fewer trucks in Europe during the reporting period. The truck builder in North America is also scaling back production. The demand in those markets is declining, among other things because customers have modernized and expanded their truck fleet in recent years. All in all, Volvo saw its order book shrink last quarter.

This year, Volvo expects to deliver 275,000 heavy-duty trucks in Europe and 240,000 in North America.


Written by: Liam O'Reilly

Liam O'Reilly is the founder of the publication, a former analyst at a major reputation agency in the UK, who chose Cyprus as his home.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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