Q1 21 was better than expected on the margin front (12.6% adjusted operating margin), while sales surged by 13% on the back of strong demand for new products and services. Net order intake was also remarkable as truck orders doubled yoy. Despite the risk of semiconductor shortages in the supply chain, Volvo raised its HD truck market outlook by c.10% in China while confirming its FY21 expectations the other regions.
27 Apr 2021
Q1 21: solid year ahead despite supply chain constraints
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Q1 21: solid year ahead despite supply chain constraints
- Published:
27 Apr 2021 -
Author:
Valentin Mory -
Pages:
3
Q1 21 was better than expected on the margin front (12.6% adjusted operating margin), while sales surged by 13% on the back of strong demand for new products and services. Net order intake was also remarkable as truck orders doubled yoy. Despite the risk of semiconductor shortages in the supply chain, Volvo raised its HD truck market outlook by c.10% in China while confirming its FY21 expectations the other regions.