Q321 sales were in line with expectation, while Volvo posted a 9% beat on operating profit as pricing, CE product mix and service volumes offset the inflation in input and logistics costs. This indicates satisfactory handling of the supply chain bottlenecks despite management’s stress on low visibility. Order intake does not reflect the strong demand due to selectivity, to so as to avoid overlengthening the backlog. The FY21 market forecasts were in line with expectation while those for FY22 loo ....
22 Oct 2021
Solid Q3 EBIT – Chinese slowdown likely contained
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Solid Q3 EBIT – Chinese slowdown likely contained
- Published:
22 Oct 2021 -
Author:
Valentin Mory -
Pages:
3
Q321 sales were in line with expectation, while Volvo posted a 9% beat on operating profit as pricing, CE product mix and service volumes offset the inflation in input and logistics costs. This indicates satisfactory handling of the supply chain bottlenecks despite management’s stress on low visibility. Order intake does not reflect the strong demand due to selectivity, to so as to avoid overlengthening the backlog. The FY21 market forecasts were in line with expectation while those for FY22 loo ....